National Investment Managers Inc. is in the StockGuru Spotlight for March 9, 2011
(EMAILWIRE.COM, March 09, 2011 ) DALLAS, TEXAS : StockGuru announces that National Investment Managers Inc. (OTCBB: NIVM) is in the StockGuru Spotlight. National Investment Managers Inc. is a holding company and a consolidator of pension plan administration, investment management and insurance businesses. Its strategy includes a custom-tailored acquisition formula for each acquired business, which allows local and regional entities to retain their autonomy while benefiting from the reach that a national presence offers. In addition, the Company's approach offers entrepreneurs in these businesses an exit strategy suited to their specific needs.
On Tuesday, the company put out news announcing that it has entered into a definitive agreement for the sale of the Company to an entity owned and controlled by Stonehenge Opportunity Fund III, LP, an entity managed by Stonehenge Partners, Inc., for $42.5 million in cash, subject to working capital adjustments. Stonehenge Partners, Inc., based in Columbus, Ohio, manages more than $700 million of private capital and focuses on investing in middle-market businesses.
Shares for National Investment Managers Inc. (OTCBB: NIVM) were down during the afternoon of trading on Tuesday and closed slightly down at closing.
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