VR Business Brokers Facilitates Sale of Import Distribution Company

MCKINNEY, Texas - June 18, 2013 - PRLog -- Source Network Sales & Marketing, Inc.,based in Plano, TX, designs and distributes the LifeSmart family of products, including infrared heaters, fireplaces, saunas and spas. LifeSmart products are found in-store and on-line with many of the country’s leading retailers.  

The owners of Source Network will remain as minority equity partners in the new entity. The transaction, which closed on May 31, was handled by VR intermediary Jeff Goldblatt, a specialist in the VR Business Brokers office located in McKinney, TX. Details of the transaction were not disclosed.

About Transition Capital Partners

Transition Capital Partners is a 20 year old Dallas-based private equity firm investing in recapitalizations and management buyouts of well-managed, entrepreneurial, lower middle market businesses. For more information about Transition Capital Partners, please visit http://www.tcplp.com  

About VR Business Brokers, McKinney, TX

VR Business Brokers is the world’s premier franchised business intermediary firm. With a combination of global strength and local experience, VR’s 32 years of successful business sales through Valued Representation, is the reason more and more business buyers and sellers demand our proven skills and resources to help them succeed in an increasingly complex market.

For more information about VR Business Brokers in Mckinney, TX, please call 214-733-8282, or visit http://www.vrmckinney.com