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SOURCE SSG Capital Advisors, LLC
PHILADELPHIA, Feb. 26, 2014 /PRNewswire/ -- SSG Capital Advisors, LLC ("SSG"), a leading independent special situations investment bank, announced that it served as investment banker to Color Star Growers of Colorado, Inc. ("Color Star") in the sale of substantially all of its assets to Altman Plants, Raindrop Partners and Black Diamond Capital Management, L.L.C., which owns Color Spot Nurseries. The sale was completed in January 2014.
Color Star, a leading grower and wholesaler of flowers and nursery stock with greenhouses and distribution centers in Colorado, Missouri and Texas, filed for Chapter 11 bankruptcy protection in December 2013. SSG advised Color Star on the exploration of various strategic alternatives, including a sale of substantially all of its assets. SSG conducted a comprehensive marketing process which resulted in a wide range of potential buyers, including multiple strategic and financial parties. SSG's knowledge of the industry, extensive dialogue and negotiations with parties interested in different parts of the Company's assets and experience in running efficient and timely Chapter 11 sales processes enabled the Company to maximize the value of the assets.
SSG has extensive transaction experience in the flower and nursery stock grower and wholesaling industries. SSG recently served as investment banker to Stacy's, Inc. in the sale of substantially all of its assets to an affiliate of Metrolina Greenhouses, Inc. and advised the Chapter 11 Trustee of Jackson & Perkins Acquisition, Inc., Geo. W. Park Seed Co, Inc. and their subsidiaries, in the sale of substantially all of their assets to an affiliate of Blackstreet Capital.
About SSG Capital Advisors
SSG Capital Advisors is an independent boutique investment bank that assists middle-market companies and their stakeholders in completing special situation transactions. We provide our clients with comprehensive advisory services in the areas of mergers and acquisitions, private placements, financial advisory, financial restructurings and valuations. SSG has a proven track record of closing over 200 transactions in North America and Europe and is one of the leaders in the industry.
Additional information about the company is available at www.ssgca.com.
Securities are offered through SSG Capital Advisors, LLC (Member SIPC, Member FINRA). All other transactions are effectuated through SSG Advisors, LLC, both of which are wholly owned by SSG Holdings, LLC. SSG is a registered trademark for SSG Capital Advisors, LLC and SSG Advisors, LLC.
Media contact: Linda McDonough, (610) 256-7925
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