Essex Capital Announces the Sale of Independent Retailer

WEBWIRE – Friday, July 25, 2008 Tampa, Florida, July 25, 2008 - Essex Capital Group, Inc. is pleased to announce the sale of Baillio’s, Inc. to a strategic acquirer based in the western United States. Essex Capital served as the exclusive investment bank for Baillio’s in this transaction. Based in Albuquerque, New Mexico, Baillio’s is a 40+ year-old leading independent retailer of appliances and electronics. Essex Capital President, Robert Swain, commented, “It was a pleasure working with Jack Baillio to realize his goal of selling the company. Jack built a tremendous business that has operated as a true New Mexico icon for over 40 years. Baillio’s commanded a great deal of attention from both financial and strategic buyers, and we are proud to have represented such an outstanding company in this successful transaction.”... [read full story]