Family Christian Stores, a specialty retailer of Christian products, has been acquired by a group of Christian investors. Middle market investment bank Harris Williams & Co advised on the transaction.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that Family Christian Stores, Inc. (FC), the leading specialty retailer of Christian products, has been acquired by a group of Christian investors. Harris Williams & Co. acted as the exclusive advisor to FC. The transaction closed on November 14, 2012, and was led by Tim Alexander, Glenn Gurtcheff and Jeff Cleveland in the firm’s Consumer Group, along with Chris Williams and Ben Ross from the firm’s Richmond office.
“As the world’s leading specialty Christian retailer, FC is uniquely positioned to serve as the primary source for Christian products to its dedicated customer base. We are proud to have represented such a high quality brand,” said Tim Alexander, a managing director at Harris Williams & Co. “By virtue of its superior market position, differentiated brand and connection to its customer base, FC is well positioned for the future. We look forward to following the company’s continued success,” added Jeff Cleveland, a vice president at Harris Williams & Co.
Founded in 1932 and headquartered in Grand Rapids, MI, FC is the world’s leading specialty Christian retailer with nearly 300 stores across the U.S. The company offers a variety of Christian-themed merchandise including gifts, bibles, children’s products, cards, DVDs/videos, books and music. Understanding that customers rely on the company for products that meet their spiritual needs, virtually all products sold by FC have a Christian message, influence or sentiment.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Consumer Group has completed over 100 transactions across a variety of verticals including food, beverage and agribusiness; restaurants and retail; branded and private consumer products; and consumer services. For more information on our consumer experience, please contact Glenn Gurtcheff, Tim Alexander, Ryan Budlong, Brant Cash or Jeff Cleveland at +1 (612) 359-2700.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Services Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.
For general release inquiries, please contact Kimberly Baker, marketing director, at +1 (804) 648-0072.
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