Tully and Holland

Mergers

Tully & Holland works on behalf of the seller to evaluate, recommend, structure and close the transaction. more info >>

Acquisitions

On behalf of the buyer, Tully & Holland conducts searches, negotiates and structures the transaction and follows through to closing. more info >>

Private Placements

Tully & Holland is licensed to assist clients in raising equity and debt for expansion, acquisitions or recapitalizations.
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Valuations

Tully & Holland provides valuation services to current and prospective clients. more info >>



Tully & Holland Newsletter

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  Market Trends Index


LTM as of 5/20/2013

$MM EBITDA REVENUE
< 25   06.03x   0.92x
25 - 100   06.39x   1.13x
100 - 250   06.24x   1.31x
250 - 500     6.88x   1.48x
> 500     9.88x   3.07x


Source: Capital IQ

Data includes multiples between 3x and 25x excluding real estate and telecommunications transactions.


Transactions

A selection of recently completed transactions by Tully & Holland, Inc. See listings >>


















 

 
Tully & Holland
20 William Street, Suite 135
Wellesley, MA 02481

781.239.2900
info@tullyandholland.com

Member SIPC Member FINRA

TULLY & HOLLAND ATTENDS ACG BOSTON

GROWTH CONFERENCE 2013

MAY 29th AND MAY 30th, BOSTON, MA

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Chain Store Sales Update March 2013


Flat Comparable Chain Store Sales Growth in March 

April 16, 2013 - Tully & Holland reported flat comparable chain store growth in the 13 publicly-traded chain stores tracked during the March period. Some chains attributed this softness to colder than average weather and a calendar shift.  >>>

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The Demand Index 2013 Q1 Analysis




Performance By Industry
YTD Demand vs. Chain Store Sales
April 26, 2013 -  First quarter 2013 reflected slowing demand as the quarter progressed, yet demand still rose by 1.8% on top of the Q1 2012 impressive gain of 3.9%. The B-to-B category was the strongest performing group. >>>
 

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Specialty Retail Industry Report - Brick and Mortar M&A Comes Back in Vogue

 
February 22, 2013 - Heightened interest by strategic and financial buyers drove increased 2012 M&A activity in the specialty retail sector. Brick and mortar models dominated the deal volume while internet retail transactions reflected pure play acquisitions.  Read more >>>>
 

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Tully & Holland Announces Sale of Phelps Industries, LLC to an affiliate of Wafra Investment Advisory Group, Inc.

Cuddledown Logo

January 14, 2013 - Wellesley, MA-based Tully & Holland ("T&H")is pleased to announce another successful sell-side M&A assignment. Tully & Holland advised Phelps Industries, LLC in its sale to Wafra Investment Advisory Group, Inc. Phelps Industries is a leading manufacturer and marketer of specialty pet treats sold under private label and contract manufacturing agreements to leading retailers and pet food marketers throughout the world. >>>

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Tully & Holland Advises Brady Enterprises, Inc. in its Sale to Sequel Holdings, L.P.

Brady Logo
 
January 11, 2013 - Wellesley, MA-based Tully & Holland ("T&H")is pleased to announce its role as exclusive financial advisor to Brady Enterprises, Inc. in its sale to Sequel Holdings, L.P.  The transaction included a co-investment by Gemini Investors.  Brady Enterprises, Inc. specializes in the manufacture and packaging of various powdered food products and food ingredients for companies in the consumer packaged goods industry.  In addition, Brady manufactures and sells Bell’s® seasonings and stuffings and Bar-Tender’s® cocktail mixes. >>>
 

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Tully & Holland Announces Sale of Cuddledown, a Leading Direct Marketer, to Potpourri Holdings, Inc.

Cuddledown Logo

December 31, 2012 - Wellesley, MA-based Tully & Holland ("T&H")is pleased to announce another successful sell-side M&A assignment in the direct marketing sector. Tully & Holland advised Cuddledown in its sale to Potpourri Holdings, Inc., ("Potpourri") a portfolio company of American Capital, Ltd. (NASDAQ: ACAS). Potpourri is a leading catalog and internet retailer of apparel and gifts sold through over a dozen individual titles, including Potpourri, Northstyle, Expressions and In the Company of Dogs. >>>

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Tully & Holland Advises EbLens Clothing & Footwear in its Sale to KarpReilly LLC

January 3, 2013 - Tully & Holland, Inc. ("T&H") is pleased to announce its role as financial advisor to EbLens Clothing & Footwear ("EbLens") in its sale of a majority interest to private equity firm KarpReilly LLC ("KarpReilly"). >>>>

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Food Industry Update - Politics, Prices and Performance

 
October 17, 2012 - The US Food Industry has been resilient despite economic conditions, rising commodity costs and increasing regulatory pressure. First-half 2012 food industry mergers and acquisitions were the highest since 2008 and many companies traded at higher multiples than the S&P 500 and DJIA. Read more >>>>
 

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"Our deep industry knowledge in combination with 20 years of successfully completed transactions enables us to provide clients with sophisticated financial advice."

 

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Notable Quotes

 
Chris Kampe, Tully & Holland's Retail Group Managing Director
 
Multichannel Merchant

February 13, 2013 - Bakers Footwear Group Inc. has filed for bankruptcy and is liquidating its remaining 56 mall-based locations throughout the country.  In the article, Bakers Footwear Files For Bankruptcy & Liquidates Remaining Locations, Chris discusses their operating losses.

 
Shopping Centers Today

December 2012 - Dots, LLC, a seller of inexpensive private-label women's clothing, shows no fear of a weak eceonomy.  In fact, given the number of stores it plans to open, the chain appears to like tough times.  In the article, Budget Fashion Dots Is Aiming to Have 1,000 Stores in Five Years, Chris comments on the budget-oriented fashion merchant.