Business in the Burbs

Spar hires investment banker to look for buyout targets

June

Spar Group Inc., a marketing services company in Tarrytown, has hired the investment banking firm Jesup & Lamont Inc. to help identify acquisition or merger candidates that may surface in a sluggish economy. The firm also will assist Spar with other growth initiatives that include raising capital.

“Particularly in today’s economic environment, there are numerous opportunities on a global basis to expand our business through the creation of synergistic relationships or business combinations,” Gary Raymond, Spar’s president and chief executive officer, said in a written statement. “We will look to our investment banker to help facilitate potential transactions that we or they identify….”

This entry was posted on Thursday, June 18th, 2009 at 2:42 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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