Ben Rickert, Inc.
Client Profile
Ben Rickert, Inc. was one of the country’s largest privately held manufacturers, assemblers and distributors of luxury bath and body products selling to major US mass merchandisers. Ben Rickert, Inc. faced a major liquidity problem.
Situation
Due to the seasonality of the business and the delicate relationships with customers, vendors, employees and the secured lender, SSG worked expeditiously to ensure that the transaction would be consummated in time for holiday orders to be filled.
Solution
As exclusive financial advisor, SSG identified numerous strategic and financial buyers for the business. The sale process was concluded 60 days after SSG was given the mandate to go to market.