Transaction

Star Struck

Business Description

Star Struck, Ltd. was a diversified holdings company with two divisions: online licensed sport retailing and jewelry supplies.


Background

The Company was seeking to sell one of its subsidiaries, Star Struck, Inc.  This division was a leading distributor of watch batteries and related supplies to the jewelry trade, but had a significant concentration with its largest customer, WalMart.


Solution

Carter Morse & Mathias arranged, structured and negotiated the sale of Star Struck assets to Waveland Investments, LLC, a Chicago-based private investment firm focused on lower middle market manufacturing, distribution and service companies.


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