Sarowdin Partners was hired by Cooper’s, Inc. as its exclusive financial advisor to assist in the sale of the company. Headquartered in Albuquerque, New Mexico, Cooper’s was the most highly regarded retail name in the multiple store western and work wear sector. Its 24 store locations in Arizona, California, Colorado and New Mexico operate under the Western Warehouse name. The company was family owned.
After a full marketing effort which was designed to maximize the growth potential and the synergies available to each buyer, Cooper’s was sold to Boot Town, also a retailer of western and work wear owned by Luther King Capital Management. Boot Town’s retail locations are all in Texas. The transaction closed on August 30, 2005.
"My Dad founded the business in 1947, so selling the company was a big decision for us. We knew we needed to hire an advisor to help maximize value, but we were having a hard time finding a quality investment bank that would put a senior team on our deal as a result of our size. Chris led the transaction and was a great partner throughout the process. We had a significantly greater number of interested parties than we would have been able to generate on our own. Chris made sure that all of the buyers were aware of the significant synergies that Cooper’s brought to their business. The combination of the number of interested parties with the focused synergy discussions resulted in a great outcome for the shareholders."*
Roberta Cooper Ramo
Chair, Board of Directors
*Client results may not be representative of the experience of others and is no guarantee of future performance or success.