When Terry Scott and his business partner wanted to sell their 28- year-old company, Albertville based Factory Connection LLC, they turned to Founders Investment Banking LLC. Within a few months, Founders brought several offers to the table – one for an all cash buyout and others that would allow company owners to retain a sizeable…
Shelby County has landed another tenant with expansion plans for its corporate park off Interstate 65 in Alabaster. Handoff Wireless will move its operations from Industrial Road in Alabaster to a 50,000-squarefoot building in Shelby West Corporate Park that the county sold for $1.7 million. The company refurbishes and recycles cellular telephones. Rayford Higginbotham, its…
Founders Investment Banking, LLC is pleased to announce that the sale leaseback of Handoff Wireless’ corporate headquarters and distribution facility has been completed. The new 50,000 square foot office/distribution facility, located in the Shelby West Corporate Park in Alabaster, AL, was purchased for approximately $2.1 million dollars by the Foundation Sale Leaseback Fund I. As…
Founders Investment Banking, LLC is pleased to announce that the sale of the The Factory Connection’s corporate headquarters and central distribution center has been completed. The 72,000 square foot office/distribution facility, located in Albertville, AL, was purchased for approximately $1.5 million dollars by the Foundation Sale Leaseback Fund I. With the recent recapitalization of their…
Founders Investment Banking, LLC is pleased to announce that Andy Sink has been awarded membership to the Birmingham Business Journal’s Top 40 Under 40 class of 2004. This membership is awarded each year to 40 men and women under the age of 40 based on their career accomplishments and the value they add to their…
Founders Investment Banking, LLC is pleased to announce that Alpha Capital Partners, a Chicago-based private equity firm, has completed a successful recapitalization of Guntersville Outlet, Inc., operators of a chain of value priced specialty retail stores under the name “Factory Connection.” The original founders and existing management team will continue their leadership in the newly…