One of the notable middle market transactions closed in March when Square Chain Corp acquired a 55% majority stake in Caravel Group, LLC from M Line Holdings, Inc. for an undisclosed amount in stock. The stock being issued to M Line Holdings for these companies gives M Line a controlling interest in Square Chain Corp. Caravel Group is located in Fremont, California brands and distributes beverages.
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Industry Indicators
- The average US retail price for diesel and regular gas, a major operating cost for distributor fleets in the wholesale sector, rose 0.5% and 2.9%, respectively, in the week ending April 15, 2019, compared to the same week in 2018.
- Total US manufacturers’ shipments, an indicator of demand for industries in the wholesale sector, rose 3.0% year-to-date in February 2019 compared to the same period in 2018.
- Total US wholesale sales, a measure of the wholesale sector, rose 1.9% in February 2019 compared to the same period in 2018.
Posted by Jeremiah Hughes.
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This post first appeared on CFA | Mergers, Acquisitions And Capital Resources, please read the originial post: here
