Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Cherrystone Family Camping Resort (“Cherrystone” or the “Company”) in its sale to Sun Communities, Inc. (NYSE: SUI) (“Sun”), a publicly-traded real estate investment trust (“REIT”) that invests in manufactured housing communities, RV resorts and marinas. The transaction closed on March 9, 2021. Terms of the transaction were not disclosed.
Family owned, operated, and developed by the Ballard family since its opening in 1964, Cherrystone has positioned itself as an exceptional campground not only on Virginia’s Eastern Shore, but on the entire East Coast. Cherrystone is situated on over 300 acres on the Chesapeake Bay in Cape Charles, VA and has been a camping favorite for generations of guests.
“Selling Cherrystone was not a decision that was made lightly, but I’m confident it was the right one,” said Chad Ballard, III, former President and Owner of Cherrystone, “Finding a buyer willing to put the same dedication and care into the park that we have in the past was at the top of our priority list, as well as someone who was committed to caring for the employees and guests. In Sun, we are confident we have found the right person to continue to operate and invest in Cherrystone, its people, and the Eastern Shore community.”
Justin Marriott, Managing Director of Marriott & Co. said, “We are honored that Chad entrusted us with the opportunity to advise Cherrystone on such an important transaction. The Company has such a long and proud history, and the transaction with Sun further strengthens Cherrystone’s position as the premier destination for RV campers for generations to come.”
“It was an absolute pleasure working with Chad and the rest of the Cherrystone team,” said Bryan Burden, Managing Director of Marriott & Co., “This is a fantastic outcome for all parties involved.”
Added Chad Ballard, “I would like to thank the Marriott & Co. team for managing such a professional and efficient process. Cherrystone has been owned by my family for multiple generations, so it was important that we felt comfortable with who was guiding us through the sale process. The Marriott & Co. team delivered every step of the way. They were hands-on, highly responsive and critical to achieving this successful transaction.”
About Cherrystone Family Camping Resort:
Located in Cape Charles, VA, Cherrystone Family Camping Resort (www.cherrystone.com) is a leading RV camping resort featuring nearly 700 sites situated on over 300 acres on the Chesapeake Bay and has been a camping favorite for multiple generations of guests. The campground’s many features include camping cabins, on-site camper rentals, five swimming pools, four fishing piers, a well-stocked general store and bait and tackle shop, and a beautiful beach. Family owned, operated, and developed since its opening on Mother’s Day weekend in 1964, Cherrystone has positioned itself as an exceptional campground not only on Virginia’s Eastern Shore, but on the entire East Coast. With unparalleled guest satisfaction and return camper rates, guests routinely rave about not only the location and amenities, but the employees that make their vacations so memorable with their genuine smiles and unmatched work ethic.
About Sun Communities, Inc. (NYSE: SUI):
Sun Communities, Inc. (NYSE: SUI) is a fully integrated real estate investment trust (“REIT”) that has been in the business of acquiring, operating, developing and expanding manufactured home (“MH”) and RV communities since 1975. Sun acquired Safe Harbor and its portfolio of marinas in October 2020. Through Safe Harbor, Sun also owns, operates, develops and manages marinas throughout the U.S. As of December 31, 2020, Sun owned and operated or had an interest in a portfolio of 552 MH communities, RV resorts and marinas located in 39 states throughout the U.S. and Ontario, Canada, including 276 MH communities, 136 RV resorts, 34 properties containing both MH and RV sites, and 106 marinas. The properties contained an aggregate of 188,176 developed sites as of December 31, 2020. For more information, please visit: www.suncommunities.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to COX Transportation Services (“COX” or the “Company”) in its recapitalization led by Expedition Capital Partners (“ECP”), a private equity firm based in Chicago, IL. Debt financing and equity co-investments were provided by Tecum Capital Partners (“Tecum”), a private investment firm based in Pittsburgh, PA, and Ironwood Capital (“Ironwood”), a private investment firm based in Avon, CT. Senior debt financing was provided by Truist Bank. The transaction closed on July 29, 2020. Terms of the transaction were not disclosed.
Established in 1982, COX provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. The Company specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. COX also operates a brokerage division that serves carriers and freight customers with logistics optimization services. The Company is based in Ashland, VA.
This is the third successful transaction since 2014 in which Marriott & Co. has advised COX and its President, Jay Smith.
“Marriott & Co. did a fantastic job in managing this transaction process for COX, and I am grateful for the hard work, integrity and professionalism that their entire team displayed from start to finish to generate this successful outcome,” said Jay Smith, President of COX. “I am excited to work with ECP, Tecum and Ironwood as we begin this next phase of our company’s growth in the coming years.”
Mike Hendrie, Founder and Managing Director of ECP, added, “We are excited to partner with Jay, the entire COX team, Tecum and Ironwood on this transaction, and we look forward to continuing to build on the success of COX for many years to come. We also enjoyed working with the Marriott & Co. team and appreciate their efforts to facilitate a smooth closing process.”
“We are honored that Jay provided us with the opportunity to advise COX for the third time in the past six years,” said Justin Marriott, Managing Director of Marriott & Co., “We truly enjoyed working with him and his team on such an important transaction, and we are thrilled to help them achieve such a great outcome.”
About COX Transportation Services:
Headquartered in Ashland, VA, COX (www.truckingforamerica.com) is a leading provider of freight hauling and brokerage services to customers in a diversified group of industries across the U.S. COX specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. The Company also operates a brokerage division that serves carriers and freight customers with logistics optimization services.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Northern Virginia Orthodontics (“NVO” or the “Company”) in its sale to Smile Doctors, LLC (“Smile Doctors”), the largest orthodontic dental support organization in the U.S. with more than 240 affiliated practices in 18 states. Smile Doctors is a portfolio company of Linden Capital Partners, a Chicago-based private equity firm focused on the healthcare industry. The transaction closed on August 3, 2020. Terms of the transaction were not disclosed.
Founded in 2008 by Dr. Zach Casagrande, NVO is a leading orthodontic practice serving both pediatric and adult patients in the greater Washington D.C. metro area across four locations based in Northern Virginia. The Company is the #1 Invisalign® provider in North America.
“I can’t thank the Marriott & Co. team enough for the amazing job they did throughout this process,” said Dr. Zach Casagrande, founder of NVO, “They managed an efficient and professional process to ensure that Northern Virginia Orthodontics found a partner that truly understands our unique business model. This new partnership with Smile Doctors is exciting and will enable us to continue to provide outstanding care for our patients and a great culture for our team.”
Justin Marriott, Managing Director of Marriott & Co. said, “We thoroughly enjoyed working with Dr. Casagrande on this important transaction. The cultural fit between Smile Doctors and NVO was evident throughout the process, and I know that the NVO team is poised to continue doing great things to serve its patients and community under this new partnership.”
About Northern Virginia Orthodontics:
Serving the fast-growing greater Washington D.C. metro area, Northern Virginia Orthodontics (www.nvorthodontics.com/) is a leading provider of orthodontic services including braces, Invisalign® and other complementary offerings to both pediatric and adult patients. NVO was founded by Dr. Zach Casagrande who continues to lead the Company today. With four orthodontists and a team of over 50 employees, NVO operates four locations in Northern Virginia with two in Ashburn, one in Reston and one in McLean. The Company is the #1 Invisalign® provider in North America and the official team orthodontist of the NHL’s Washington Capitals.
About Smile Doctors, LLC:
Smile Doctors, LLC is the largest orthodontic dental support organization in the country with more than 240 affiliated practices in 18 states. Founded in 2015 by Dr. Scott Law, Dr. Dana Fender and Dr. Greg Goggans, the company is headquartered in Georgetown, Texas and focuses exclusively on developing and growing affiliated orthodontic practices. Smile Doctors-affiliated practices are owned and operated by licensed orthodontists committed to providing affordable, all-inclusive orthodontic treatment to patients across the country. Smile Doctors’ patient-centric approach and team collaboration result in beautiful, confident smiles striving for the highest standard of patient care. For more information, please visit: www.smiledoctors.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Matt Improta to Director at the firm. Matt originally joined Marriott & Co. in 2010 and is a critical member of the team that has successfully executed nearly $600 million of transaction value in M&A and capital raising transactions for middle market clients during his tenure.
“Marriott & Co. is pleased to recognize Matt’s important contributions to our firm over the last ten years,” said Justin Marriott, Managing Director and Founder of Marriott & Co. “Matt brings a unique level of professionalism, knowledge and commitment to every assignment that we undertake, and our clients and colleagues have a such high degree of trust and respect for him.”
Added Bryan Burden, Managing Director of Marriott & Co., “Matt’s efforts have played a substantial role in our firm’s success over the last decade, and I am excited for him to continue to be a key contributor to the future growth of our firm.”
Prior to joining Marriott & Co., Matt graduated from the University of Richmond where he received a Bachelor of Science degree in Business Administration with a concentration in Finance and a minor in Economics.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Artistic Holdings (“Artistic” or the “Company”) in its sale to Century Cabinets, Inc. (“Century”), a manufacturer and supplier of quality cabinetry headquartered in Suwanee, GA. The transaction closed on August 12, 2019. Terms of the transaction were not disclosed.
Headquartered in Alpharetta, GA, Artistic is the leading manufacturer of turn-key staircase and rail solutions, serving large production and custom homebuilders across the U.S. Operating under both the Artistic Stairs and Southern Staircase brands in its core markets, Artistic designs, manufactures and installs wooden and metal straight, curved and custom staircases as well as railing systems. The Company operates eight sales offices and three manufacturing facilities in Georgia, North Carolina, South Carolina and Arizona.
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that Artistic provided us with the opportunity to advise on the sale of Artistic. We thoroughly enjoyed working with the Artistic team to bring this to a successful closing.”
About Artistic Holdings:
With an operating history spanning nearly 40 years, Artistic Holdings is the leading manufacturer of turn-key staircase and rail solutions, serving large production and custom homebuilders across the U.S. under the Artistic Stairs and Southern Staircase brands. With the capability to design, manufacture, and install staircases, railing systems and component parts, Artistic is North America’s largest direct-to-builder staircase manufacturer, serving primarily the single-family, detached home market and select commercial projects. The Company is headquartered in Alpharetta, GA and operates sales offices and manufacturing facilities in Georgia, North Carolina, South Carolina and Arizona. For more information, please visit www.artisticstairs-us.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier, independent boutique investment banking firm based in Richmond, VA, is pleased to announce the promotion of Elliott Theuerkauf to Associate at the firm. Elliott, who joined Marriott & Co. in 2017, has over two years of investment banking experience and focuses on executing M&A and capital advisory transactions for the firm’s closely-held business clients across a variety of industries.
“Marriott & Co. is pleased to congratulate Elliott on this well-deserved promotion,” said Justin Marriott, Managing Director and Founder of Marriott & Co. “From early in his tenure here Elliott has shown an ability to deliver results for our clients through his exceptional work ethic and strong transactional skills.”
Added Bryan Burden, Managing Director of Marriott & Co., “Elliott is a key member of our team, and his efforts have been critical in the successful closing of seven transactions during his time here at Marriott & Co. I am excited for him to continue to be a key contributor to the future growth of our firm.”
Prior to joining Marriott & Co., Elliott graduated from the College of William & Mary where he received a Bachelor of Business Administration degree in Finance from the Mason School of Business. He had previously held summer internship positions at a middle market investment bank and a commercial real estate firm.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Applied Instruments Company (“AIC” or the “Company”) in its sale to the Stratford-Cambridge Group (“Stratford-Cambridge”), a private investment firm based in Plymouth, MI. The transaction closed on June 28, 2019. Terms of the transaction were not disclosed.
Headquartered in Brighton, MI, AIC is a leading manufacturer and distributor of replacement parts and equipment serving the plastics processing industry. The Company serves a diverse customer base all over the U.S., including plastic component manufacturers as well as other distributors and resellers. In addition to selling its own product portfolio of mission-critical replacement parts, AIC also serves as a manufacturer’s representative for several leading injection molding equipment manufacturers.
“I am excited about this new partnership with Stratford-Cambridge Group and believe they will add significant value to the continued growth and development of our business in the coming years,” said President and Owner of AIC, Wayne Limbright. “I would also like to thank the Marriott & Co. team for their hard work in managing a professional process that yielded such a positive result for our company. AIC has been owned by my family for over 40 years, so it was important that we feel comfortable with our new ownership partner. Justin, Bryan and the rest of the Marriott & Co. team were critical in ensuring that this transaction closed with such a terrific firm as Stratford-Cambridge.”
Steve Ellis, Managing Director of Stratford-Cambridge, added, “We are thrilled to work with Wayne and the rest of the AIC team, and we look forward to continuing to build on the success of the Company for many years to come. We also appreciate all of the hard work that the Marriott & Co. team put forth to facilitate an efficient process and timely closing.”
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that Wayne provided us with the opportunity to advise AIC on such an important transaction. We truly enjoyed working with him and the entire AIC team, and believe that the Company is poised to thrive under this new partnership with Stratford-Cambridge.”
About Applied Instruments Company:
Founded in 1974, AIC is a leading manufacturer and distributor of replacement parts and equipment serving the plastics processing industry with customers across the U.S. The Company’s product offerings include control systems, auxiliary equipment, barrels, feed screws, screw tips, end caps and mixing nozzles used in injection molding, blow, extrusion and die cast molding machinery and processes. Additionally, AIC serves as a manufacturer’s representative for several leading injection molding equipment manufacturers. The Company currently operates two facilities in Brighton, MI and Wixom, MI. For more information, please visit www.aicequipment.com.
About the Stratford-Cambridge Group:
Founded in 2009, the Stratford-Cambridge Group is a Michigan-based private investment firm that invests in niche lower middle market industrial growth businesses. The firm leverages its unique background of operational and financial expertise to provide above-market, diversified returns to high net-worth individuals, family offices and institutional investors. Additional information can be found at www.scgequity.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to TREAD Corporation (“TREAD” or the “Company”), a portfolio company of Gladstone Investment Corporation (NASDAQ: GAIN)(“Gladstone”), in its sale to Larsen MacColl Partners (“Larsen MacColl”), a private equity firm based in Wayne, PA. Debt financing and an equity co-investment were provided by Source Capital, a private equity firm based in Atlanta, GA. The transaction closed on April 5, 2019. Terms of the transaction were not disclosed.
Headquartered in Roanoke, VA, TREAD is a leading manufacturer of highly-engineered custom bulk explosive handling trucks, emulsion mixing plants, storage bins and other related products. The Company provides its products to a global customer base of explosive handling companies serving the mining and construction industry in more than 50 countries across six continents. In addition to its Roanoke headquarters, TREAD maintains sales and service operations in Australia, Chile, South Africa and Peru.
“I would like to thank the Marriott & Co. team for their professionalism, guidance and commitment throughout this process,” said David Glazer, “Their entire team played a critical role in ensuring that TREAD found new partners that positions the company well for the future.”
Justin Marriott, Managing Director of Marriott & Co., said, “It was an absolute pleasure representing Gladstone and TREAD on this very important transaction. We were honored to be provided the opportunity to help create a great outcome for all parties involved.”
About TREAD Corporation:
Founded in 1957, TREAD Corporation offers over sixty years of service and solutions in explosives storage, handling and delivery systems to the global mining, quarry and construction industries. TREAD offers its customers an innovative portfolio of high-quality products and proven technical acumen, in addition to aftermarket parts and service. The Company manufactures custom bulk explosive handling trucks, storage bins, emulsion mixing plants and ancillary equipment. Its customers are all over the world, across over 50 countries and six continents. The Company is headquartered in Roanoke, VA, and also maintains sales and service operations in Australia, Chile, South Africa and Peru. For more information, please visit www.treadcorp.com.
About Gladstone Investment Corporation:
Gladstone Investment Corporation (NASDAQ: GAIN) is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstoneinvestment.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Potomac Landfill, Inc. (“PLI” or the “Company”) in its sale of its Northern Virginia Waste division (“NOVA Waste”) to Industrial Disposal Services, Inc. (“IDS”), a leading construction waste transportation company headquartered in Manassas, VA. The transaction closed on May 4, 2018. Terms of the transaction were not disclosed.
Headquartered in Dumfries, VA, PLI is a regional provider of construction and demolition waste management services to commercial customers throughout the greater Washington, D.C. metro area. NOVA Waste, the business divested by PLI in the transaction, is a provider of waste transportation and logistics services utilizing a fleet of trucks and roll-off containers which are delivered and retrieved directly from customer construction sites throughout the region. The divestiture of NOVA Waste will enable PLI to focus on its core business of operating its landfill and transfer station, provide strategic funding for its planned expansion program, in addition to selling recycled materials through the Company’s Potomac Recycling division.
“This is an important transaction in the evolution of PLI as we continue to shift our focus to our core competencies of operating the landfill and transfer station,” said Phil Peet, President of PLI, “We look forward to continuing to grow our business by capitalizing on the strong demand drivers in our industry, and specifically within our geographic market.”
Added Chris Scott, Owner’s representative, “Marriott & Co. played a critical role in achieving this great outcome for PLI. They exceeded our expectations with the level of service, attention to detail and professionalism that they provided through every step of the process.”
Justin Marriott, Managing Director of Marriott & Co., said, “It was an absolute pleasure representing PLI on this very important transaction. We thoroughly enjoyed working with the entire PLI team and hope to work together again in the future.”
About Potomac Landfill, Inc.:
Founded in 1983 and headquartered in Dumfries, VA, PLI is a leading provider of construction and demolition debris waste management services to commercial customers throughout the greater Washington, D.C. metro area. The Company operates several distinct divisions, including Potomac Landfill, Alexandria Waste Recovery Facility and Potomac Recycling. Utilizing its strategically located landfill on Interstate 95 in Dumfries, VA and transfer station in Alexandria, VA, PLI provides exceptional service to its customer base which includes both private and public companies. For more information, please visit www.potomaclandfill.com.
About Industrial Disposal Services, Inc.:
Headquartered in Manassas, VA, IDS is leading construction waste transportation and recycling company serving the greater Washington, D.C. metro area. With a strong reputation for providing the highest level of customer service, innovation and integrity, IDS offers next-day service for roll-off containers and dumpsters to its expansive customer base throughout the region. In addition to its waste hauling services, IDS also provides complete LEED-certified recycling services through its affiliate Broad Run Recycling, which processes more than 600 tons of construction and demolition waste a day in its 26,000 square-foot facility. For more information, please visit www.idstrash.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to World Art Group and its affiliate Atlantic Art LLC (together “World Art Group” or the “Company”) in its sale to Circle Graphics, Inc. (“Circle Graphics”), the world’s foremost producer of grand and large-format digital graphics headquartered in Longmont, CO. The transaction closed on May 1, 2018. Terms of the transaction were not disclosed.
Headquartered in Richmond, VA, World Art Group is a leading art publisher that has been producing high-quality wall décor for over 40 years. Acquired by Scott Elles and Lonnie Lemco in 2002, World Art Group has experienced significant growth under their ownership, and today the Company sells its products to clients all over the world in end markets including home décor, hotels, restaurants, health care facilities, and many others.
“I am excited about the transaction with Circle Graphics and look forward to continuing to build upon the success of our company for many years to come,” said Lonnie Lemco, co-owner of World Art Group and its Vice President of Sales and Marketing, “This is a terrific outcome for World Art Group, our employees and our customers, as we are now perfectly positioned to capitalize on the many exciting growth opportunities that exist in our markets.”
Added Scott Elles, co-owner of World Art Group and its President, “I would like to thank the Marriott & Co. team for their hard work and professional guidance throughout this transaction process. They were hands-on, highly responsive and always had our best interest at heart. The transaction with Circle Graphics was everything we were looking for in a transaction.”
Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that World Art Group provided us with the opportunity to advise them on such an important transaction. We truly enjoyed working with Scott, Lonnie and the rest of the World Art Group team, and we believe that the Company is poised to thrive under this new partnership with Circle Graphics.”
About World Art Group:
Headquartered in Richmond, VA, World Art Group is a leading art publisher producing over 4,000 unique, high-quality images a year through a combination of its own in-house design team and also through collaborations with artists from around the world. The Company sells its products to global clients including interior design and architectural firms as well as framed picture manufacturers that frame the Company’s prints and sell them to a variety of end users including home décor retailers, hotels, restaurants, health care facilities, office buildings and model homes. World Art Group also licenses its images to clients to use on their products which include floor coverings, coffee mugs, paper products, wallpaper, and many others. Boasting an exceptionally diverse and robust catalog of fine art prints and posters as well as the flexibility of on-demand custom design and printing, World Art Group serves customers all over the U.S. as well international customers in over 30 countries worldwide. For more information, please visit www.theworldartgroup.com.
About Circle Graphics:
Founded in 2000, Circle Graphics is the world’s foremost producer of grand and large-format digital graphics. The company is an industry leader in creating innovative products for business and consumer end-markets. Circle Graphics specializes in industry leading innovations accompanies by world class service and production facilities. Based in Longmont, CO, Circle Graphics employs nearly 800 people in multiple locations across the U.S. including manufacturing facilities in Los Angeles, Baton Rouge, LA, and Raleigh, NC. For more information, please visit www.circlegraphicsonline.com.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
