Jamieson advises the management team of Bargain Hunt as part of acquisition by Thomas H. Lee Partners
Bargain Hunt, led by founder Robert Echols, is a Nashville based extreme value multi-channel retailer. The company purchases merchandise returns, closeouts and overstocks from large retailers and other suppliers, then sorts and often reconditions products, ultimately selling them through its network of 37 retail stores, as well as its B2B and B2C websites, and via wholesale. The combination of a successful retail channel to sell product and tremendous expertise in handling secondary market inventory has positioned Bargain Hunt for continued rapid growth as a leader in value retail.
Jamieson is pleased to have been able to advise Robert and his team throughout the process, on the terms of their re-investment, and the negotiation of their new incentive plan.
“John Greenland and the entire Jamieson team exceeded our expectations and delivered us an ideal outcome. The Jamieson team certainly understands the current management incentive plan market and their advice was key in finalizing a plan that our entire team is excited about. We would strongly recommend them to others that decide to take the same journey,” said Robert Echols.
The deal ensures that Bargain Hunt’s senior management retains a meaningful stake in the business. “We enjoyed the opportunity to work with the team at Bargain Hunt. Too often the managers are an after-thought when it comes to new incentives. Robert was keen to ensure his team’s role in delivering future value was appropriately reflected as part of the transaction.” Explained John Greenland, Jamieson’s US CEO, who led the transaction alongside Jesse Acosta and Evan Alper.
This transaction was executed by Jamieson Corporate Finance US, LLC, a member of FINRA/SIPC.