AUSTIN, Texas, Jan. 7, 2013 /PRNewswire/ -- Hunter Wise Financial Group, LLC's office in Austin, Texas, is pleased to announce the sale/recapitalization of Value Merchandise International, Inc. based in Minneapolis to an investor group operating as Value Merchandise International, LLC.
Value Merchandise International, Inc. (VMI), founded in 1996, is one of the largest and most successful wholesalers of merchandise in the "closeout" industry, with customers throughout the U.S. and Canada. Shareholders of VMI engaged the Austin, Texas office of Hunter Wise Financial, LLC to market the business and connect with a financial acquirer. Phillip Wilhite, a Managing Director in Hunter Wise's Austin office, explains.
"The shareholders of Value Merchandise International were extremely successful in building a stable, growing business, with a solid management team, enabling the business to command an excellent valuation in the transaction. We expect the company to continue its record of solid revenue and profit growth, as the injection of new growth capital coupled with energetic management pays dividends going forward," Mr. Wilhite said.
About Hunter Wise Financial Group, LLC
Headquartered in Irvine, California, with 13 offices throughout the U.S. and offices in Beijing and London, Hunter Wise Financial Group, LLC, is a specialized investment bank providing the highest quality level of corporate financing, merger, acquisition, divestiture and advisory services. The Company's clients include small to medium-sized public companies, as well as selected middle market privately-held businesses.
Hunter Wise Financial Group, LLC
3807 Spicewood Springs Rd., Suite 102
Austin, TX 79759
SOURCE Hunter Wise Financial Group, LLC