shopping

DealPoint Merrill Announces the Acquisition of a Kroger Shopping Center, a 69,275 Square Foot Building on 7 Acres in Sterling Heights, Michigan

WOODLAND HILLS, Calif., Oct. 13, 2020 /PRNewswire/ — DealPoint Merrill, LLC, an owner and operator of value-added real estate opportunities and sponsor of real estate investment offerings, acquired a 69,275 square foot former Kroger Shopping Center on 7 acres located in the retail corridor of Sterling Heights, Michigan.

The property is in a growing community on the corner of Dequindre Rd. and 18 Mile Rd. with excellent visibility and adjacent to major national retail chains, with co-anchors McDonald’s and Mobile gas station and across the street from the newly relocated Super Kroger grocery. DealPoint Merrill plans to redevelop the property into a new 138,000 square-foot development. 

DealPoint Merrill’s executives, David Frank, CEO, negotiated the transaction, and Sterling McGregor, President, handled the due diligence and financing of the purchase.  Jason Limbert, Director of acquisitions, and Tyler Bendicksen, head of investment underwriting, participated in the DealPoint’

Read More Read more
accesories

Vista Outdoor Announces Closing of the Acquisition of Remington Outdoor Company’s Ammunition and Accessories Assets

ANOKA, Minn., Oct. 13, 2020 /PRNewswire/ — Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, today announced the successful closing of the acquisition of certain assets related to Remington Outdoor Company’s ammunition and accessories businesses, and related intellectual property for a gross purchase price of $81.4 million.  Vista Outdoor expects the transaction to be accretive to earnings, excluding transaction and transition costs, in Fiscal Year 2022. For calendar year 2019, aggregate net sales by the Remington ammunition and accessories brands were approximately $200 million.

Chris Metz, Chief Executive Officer, said, “The migration back to nature and into the outdoors is the future. The combination of beloved ammunition brands created by this transaction will benefit shooting sports enthusiasts, outdoor recreation retailers and Vista Outdoor for many years to come. We look forward to welcoming the

Read More Read more
beauty

Sally Beauty Commits to Canada Expansion With Acquisition

Sally Beauty Holdings has acquired a Canadian professional beauty products business as it eyes expansion in the country.

Sally Beauty’s Beauty Systems Group subsidiary has acquired La Maison Ami-Co. Inc., which is based in Quebec. Through the deal, Sally is buying the company’s 10 stores, adding 17 direct sales consultants and taking over exclusive distribution rights for several professional brands in the region, including Wella Professional, Goldwell and Oribé.

Sally’s Beauty Systems group already has 122 professional wholesale CosmoProf and Chalut stores in Canada. The company said the acquisition will help it to further expand Quebec operations and increase professional offerings in its existing store network.

“This acquisition is consistent with our strategy to gain additional exclusive distribution rights of professional hair color and care brands and should further strengthen BSG’s position in Canada while adding synergies between the Chalut and La Maison Ami-Co operations,” said Mark Spinks, president of

Read More Read more