Essex Capital Announces the Sale of Independent Retailer
Tampa, Florida, July 25, 2008 - Essex Capital Group, Inc. is pleased to announce the sale of Baillio’s, Inc. to a strategic acquirer based in the western United States. Essex Capital served as the exclusive investment bank for Baillio’s in this transaction.
Based in Albuquerque, New Mexico, Baillio’s is a 40+ year-old leading independent retailer of appliances and electronics.
Essex Capital President, Robert Swain, commented, “It was a pleasure working with Jack Baillio to realize his goal of selling the company. Jack built a tremendous business that has operated as a true New Mexico icon for over 40 years. Baillio’s commanded a great deal of attention from both financial and strategic buyers, and we are proud to have represented such an outstanding company in this successful transaction.”
About Essex Capital Group, Inc.
Essex Capital Group, Inc. is a Tampa, Florida-based investment banking firm founded to provide financial advisory services to small and middle market privately-held companies located throughout the United States. Essex focuses on advising business owners regarding the sale or recapitalization of their companies, including arranging institutional private placements of equity, mezzanine debt and senior debt.
For additional information about Essex Capital Group, Inc., visit www.essexcapitalgroup.com.
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
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