FOR IMMEDIATE RELEASE
Richmond, VA – (January 7, 2007) Transact Capital is pleased to announce the acquisition of D&R Ventures, Inc. DBA USA Baby by Stephen and Happy Krickovic of Richmond, VA. Claudia and Rob Simon established the company 17 years ago from a location next to the Chesterfield Mall, and built it into one of the top operating USA Baby franchises. USA Baby is a small Chicago, IL based franchisor of baby and children’s furniture and accessories.
According to Claudia Simon, “We are pleased to have the Krickovics taking charge of our company. They have a lot of enthusiasm and great ideas that will enable USA Baby to expand product offerings and services to new and growing families in central Virginia. Transact Capital introduced us to multiple parties and the Krickovic’s were clearly the best.”
According to Transact Capital, “The Simons did an excellent job of building a well run company with loyal customers and employees. They brought many fresh new ideas to the store that helped differentiate them from other juvenile furniture stores in the area. They developed a creative floor plan, which helped customers visualize the furniture, and brought in tasteful furniture from Italy and elsewhere that appealed to the Richmond market. Their ideas were widely copied by other stores within the USA Baby franchise.”
Transact Capital served as the exclusive financial advisor to D&R. Transact Capital is an independent investment banking firm focused on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. In the last two years, Transact Capital helped over 25 companies complete transactions including the sale of 24 companies.
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.