Perspective view of a shopping aisle with empty shelves in motion blur

Nolan & Associates is pleased to announce that it exclusively advised Jahabow Industries, LLC and Presence from Innovation, LLC, both portfolio companies of EFR, Inc., in sale to an investor group led by Capital for Business

“Since 1956, Presence from Innovation has been successfully delivering merchandising solutions for some of the world’s most recognizable companies and brands.  Today, our new partnership with Capital for Business positions Presence from Innovation for continued growth and success well into the future.  We couldn’t be happier with the professionalism and guidance that Nolan & Associates provided throughout the sale process that allowed us to achieve our objectives of valuation, structure and employee continuity.”

– Ed Ryan, Chairman of EFR, Inc.

St. Louis, MO – (April 30, 2014)  Nolan & Associates is pleased to announce that it exclusively advised Jahabow Industries, LLC and Presence from Innovation, LLC (PFI), both portfolio companies of Entrepreneurial Financial Resources, Inc. (EFR), in sale to an investor group led by Capital for Business (CFB).

Our Client: Jahabow Industries and Presence from Innovation

  • Jahabow Industries and Presence from Innovation are both Missouri-based portfolio companies of Entrepreneurial Financial Resources.
  • PFI provides world class merchandising solutions to the nation’s largest retailers and consumer branded products companies.
  • PFI’s products and solutions can be found in most major convenience, grocery, specialty and department stores in the United States.
  • Finished products range from free-standing retail fixtures and cabinetry to point-of-purchase displays, including uniquely designed end-caps, display cases, display racks, free-standing coolers, cabinetry and cold-storage solutions.

Objectives of Jahabow Industries and Presence from Innovation

  • The Company sought a liquidity event and an acquisition partner that would continue to drive growth within their customer base, develop opportunities in new verticals and pursue growth via acquisition in this highly fragmented market.
  • PFI represented a unique opportunity for its buyer to acquire a leading designer, manufacturer and distributor of merchandising solutions in North America.

Solution: Sale to an Investor Group Led by Capital for Business

  • Nolan marketed PFI’s best-in-class, single-source, merchandising solutions, reputation and relationships with an extremely loyal customer base, as well as their experienced management team as an attractive acquisition opportunity.
  • Included in the list of potential buyers was Capital for Business, a St. Louis based, national private equity firm focused on acquiring middle market businesses with proven management and a high potential for growth.

Sell Side Process Results

  • Capital for Business submitted the best acquisition proposal which included a combination of favorable economics, certainty to close and operational/cultural considerations.
  • Partnering with management, Capital for Business led the acquisition and assembled an investor group that included: Diamond State Ventures, KVCI, MidStates Capital and NorthCreek Mezzanine.  They also arranged senior debt financing from Advantage Capital Partners, Enterprise Bank & Trust and Pulaski Bank.
  • The Nolan process created a sense of scarcity, competition and momentum which caused buyer prospects to present their best bids to acquire PFI.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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