Specialty Merchandise Corp. has been acquired by Shackleton Equity Partners
The private shareholders of Specialty Merchandise Corporation (SMC) have sold the company to Shackleton Equity Partners for an undisclosed consideration.
SMC is a leading direct selling and business opportunity company that operates in the giftware and home décor products industry. SMC provides members a complete solution to launch and operate their own direct selling consumer products business under their own name.
Shackleton Equity Partners is a private equity firm focused on acquiring small- to micro-cap companies primarily in the US as well as in Canada and Mexico. The firm specializes in complex transactions including non-core divestitures as well as 363 asset sales. Shackleton Equity Partners seeks to acquire businesses primarily with enterprise values between US$5–75 million across a variety of industry sectors including media, manufacturing, software, semiconductors, technology and telecommunications.
Oakins' team in Los Angeles advised the seller in this transaction. The current majority shareholder and former CEO was no longer active in the business and desired an operational exit while maintaining the continuity and legacy of the family business.
Talk to the deal team
Adam Abramowitz
Oaklins Intrepid
Gary Rabishaw
Oaklins Intrepid
Related deals
Dolmans Landscaping Group has welcomed Foreman Capital as a new shareholder to support further growth
Dolmans Landscaping Group, a leading full-service provider of landscaping services, has welcomed Foreman Capital as a new shareholder. By partnering with Foreman Capital, which has extensive experience in building stronger companies in the maintenance of public spaces, Dolmans can accelerate its growth trajectory across core verticals and further professionalize the business.
Learn moreBackspin has completed a mandatory public tender offer for the shares of Spindox
Backspin S.p.A. has completed a mandatory public tender offer for Spindox S.p.A.
Learn moreValmiermuižas Alus has been acquired by Cēsu Alus
Valmiermuižas Alus has been acquired by Cēsu Alus AS through the purchase of 100% of its shares. The transaction enabled the founder’s exit and strengthened the company’s platform for continued growth within a consolidating Baltic beverage market.
Learn more