Minority Sales

 

Another C.V. Lemmon & Co. Success Story

 

Merritt Computer Products, Ltd. (MCPL) is a Dallas-based entity formed to purchase the business and all major assets of Merritt Computer Products, Inc. After initially purchasing a minority interest in MCPL, a former executive with a major computer company formed a partnership with the seller for the transaction and long-term growth of MCPL.

 

Merritt Computer Products, Inc. was a privately held manufacturer of consumable computer accessory products. The company had earned a strong market share in flexible, formed polyurethane keyboard "skins." Seeking liquidity and the opportunity to remain involved in this successful entrepreneurial venture, the sellers retained C.V. Lemmon & Co. to identify, negotiate and close a sale to a qualified investor, which turned out to be MCPL. The minority investor eventually purchased 100 percent of the company, which continues to thrive.

 

C.V. Lemmon & Co. represented the sellers in this transaction, designing a selling program, preparing offering materials, contacting and negotiating with potential buyers and coordinating the transaction to a closing.

 

All parties are satisfied with the results.