F9 Manufacturers Signs Agreement with LL Ground Holdings Inc. to Aquire Going-Boom Business

Lawrenceburg, TN, September 10, 2024 –(PR.com)– F9 Manufacturers, Inc., a division of F9 Investments, LLC, at the present time introduced it had signed an settlement, thru an affiliate, with LL Ground Holdings, Inc. whereby F9 Manufacturers will uncover 219 retail outlets, stock in those retail outlets and in LL Ground’s Sandston, Virginia, distribution heart, and must proceed to operate the switch as a going downside. LL Ground has been in chapter 11 financial ruin lawsuits in Wilmington, Delaware, since August 11, 2024, and currently introduced that it’d be compelled to liquidate all its sources and shut its extra than 400 retail outlets nationwide. This transaction, spearheaded by Tom Sullivan, the founding father of the firm, keeps this iconic trace alive, extra than 200 retail outlets nationwide originate and working, and expects to withhold as many as 1,000 employee jobs. The transaction is anticipated to inside sight the halt of September, arena to veteran closing stipulations, including approval of the sale by the industrial ruin court docket at a hearing scheduled for September 16, 2024.

LL Ground Holdings, Inc, beforehand in most cases called Disappear Liquidators, became once founded by Mr. Sullivan, the owner of F9 Investments, a non-public equity firm which invests in clean energy, assert to particular person retail, and industrial and industrial staunch property. Its F9 Manufacturers division entails a portfolio of corporations in the constructing merchandise, residence improvement and luxury residence décor industries, including Cabinets To Scoot, LLC, the main nationwide retailer of cabinets, countertops and accessories.

Mr. Sullivan acknowledged, “We are chuffed to derive reached this settlement. We derive this acquisition will complement our Cabinets To Scoot switch and present better opportunities for both retail corporations to present a mammoth line of merchandise to our residence improvement potentialities. We are especially chuffed that we would possibly perchance perchance step in and withhold the roles of plenty of the workers of LL Ground, a quantity of whom derive labored for the firm for a lot of years.”

F9 Investments is represented by Dentons US LLP, and suggested with regards to the acquisition by Solomon Partners.