New York, NY, May 17, 2018 --(PR.com
)-- In Focus Brands’ Board of Directors this weekend has approved a delay in the buyout merger with BM5 and L Martin Management to explore adding a third portfolio entity to this merger. The newest member of the portfolio merger can bring up to an added 50% into the capital structure of this deal, worth over $75 million.
In Focus Brands, the international team that has launched 130 companies and in the last 3 years brought 3 firms from launch to exit, had agreed to a leveraged buyout merger with the Texas firms, L Martin Management and BM5, effective December 9, 2017 to include its 11 company portfolio and 2 funds after working with the collaboration for over 2 years.
Brent Martin, Interim COO of In Focus Brands, states, "We are excited with the new potential addition to the merger that will lead us into more resources and capabilities. Our goal is to provide unmatched options for our clients and align with elite partners."
Jill Daye of In Focus Brands explains, "The financial management skills of this company and Bob (Manasier) are often overlooked because of the strong marketing and sales results we have seen for decades but the board and our investment groups saw the potential we presented at this new opportunity to build a stronger and larger offering. It has always been scale that we internally wrestle with and this is a possible solution."
Tara Lin of the operational merger team adds, "The brand fit is very strong and we have always succeeded when we can build real culture fit. This is a very promising event that we obviously believe in and is worth the wait for all of our partners."
During this time, In Focus Brands has been expanding markets for HULLSPEED Marine Performance Products and with its partner firm, IFP Films, has been re-developing In The Trenches, a reality series on entrepreneurship around the globe.