About the Transaction
Deal Partners, LLC (dealpartners.com) (“Deal Partners”) is a Florida, Texas, and New York based e-commerce re-marketer of distressed, refurbished, and end-of-life-cycle electronic merchandise selling through some of the world’s top retailers, including eBay, Amazon, Walmart, and Newegg. Product categories include computer and mobile technology, appliances, and audio/video technology. Deal Partners also serves leading deal-of-the-day websites, as well as traditional e-tail stores, such as Groupon, Zulily, and Staples. The Company’s approach uses sell-through strategies across multiple channels, including regional retail, e-tail, TV shopping, and export.
Lorraine Capital, LLC (lorrainecapital.com) (“Lorraine”) a New York private equity firm, in partnership with Ironwood Capital, LLC (ironwoodcap.com) (“Ironwood”), an Avon CT based subordinated debt fund, has acquired a controlling interest in Deal Partners. The partnership with Lorraine and Ironwood is ideal for Deal Partners as it will provide the resources to take advantage of the tremendous opportunities available in this fast growing and evolving market.
Paramax Corporation served as the exclusive M&A advisor to Deal Partners on this transaction. Paramax is a FINRA-registered investment banking firm focused on advising companies and shareholders in sell-side M&A transactions to strategic buyers at after-tax optimized prices. Paramax is headquartered in Williamsville, NY with an International reach through its partnership in Globalscope Partners Ltd., a group of international corporate finance and business advisors operating globally to support M&A transactions.
