Star Struck, Inc. sells to Waveland Investments, LLC
SOUTHPORT, Connecticut, June 16, 2006 -- Carter Morse & Mathias today announced that Waveland Investments, LLC has acquired the assets of Star Struck, Inc. (“Star Struck”) headquartered in Bethel, Connecticut. Star Struck is a leading distributor of watch batteries and related supplies to the jewelry trade. Carter Morse & Mathias was Star Struck’s exclusive financial advisor in arranging, structuring and negotiating this transaction.
Star Struckwas a wholly owned subsidiary of Star Struck, Ltd, which remains in the sports apparel business. Star Struck was founded in 1980 by Ken Karlan who built a stable, highly specialized and profitable business within both the jewelry and watch battery industries.
Waveland Investments (wavelandinvestments.com) is a Chicago-based private investment firm focused on lower middle market manufacturing, distribution and service companies.
Dennis Zaslavsky, a principal of Waveland Investments, commented: “Star Struck represents an interesting opportunity to leverage its 26 year history, an impeccable reputation and commanding presence in the watch battery and jewelry distribution business. We look forward to expanding product lines to a broader range of customers both in the jewelry trade as well as outside this industry.”