New York, August 7, 2006 — Berkery, Noyes & Co., LLC announced that it has completed the third and final divestiture of the Standex International Consumer Group with the sale of Berean(R) Christian Stores, a 17 store Christian book store chain, to an affiliate of JMH Capital and its management. Terms of the transaction were not disclosed.
With stores across five states, Berean Christian Stores is an industry leader offering a large assortment of Christian products. The Company’s stores and catalogs feature Christian books, Bibles, music, gifts, church supplies, videos, computer software and apparel. Berean, under its existing management, expects to expand its presence in its markets through acquisitions and new store openings.
In July, Berkery, Noyes & Co., LLC announced the sale of Standex’ Standard Publishing, a religious educational publisher, to The Wicks Group of Companies LLC.
Previously the sale of Standex Direct, or Crest LLC, a direct marketer of citrus and other specialty food products, to Rio Queen Citrus, a major fruit producer located in McAllen, Texas, had been completed.
About Berkery, Noyes & Co., LLC
Berkery, Noyes & Co., LLC is an investment bank that specializes in the information sector. The firm’s divestiture work engagements often extend to other sectors because of its expertise in executing and consummating these types of transactions.
Among the most recent transactions completed by Berkery, Noyes are the acquisition ELLIS by Pearson, Questar Educational Systems, Inc. by TASA, The Hampton Brown Company by National Geographic, Delta Education LLC by School Specialty, Inc, ProQuest Company’s acquisition of Voyager Expanded Learning, the sale of Facts on File to Veronis Suhler Stevenson, the sale of Kurzweil Educational Systems to Cambium Learning, the acquisition by WebMD Health of Conceptis Technologies.