Turner’s Outdoors, Inc. Takes Top Award For Retailing Deal Of The Year

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Ballenger Cleveland & Issa, LLC announced that its Turner’s Outdoors, Inc. deal has won the top award for “Retailing Deal of the Year” at the 4th Annual M&A Advisor Awards Dinner recognizing outstanding achievements in middle market mergers and acquisitions. The dinner was held at the New York Athletic Club in New York City and produced by “The M&A Advisor,” the country’s leading mergers and acquisitions publication. Over 400 corporate and industry leaders attended the event.

Ballenger Cleveland & Issa, LLC announced that its Turner’s Outdoors, Inc. deal has won the top award for “Retailing Deal of the Year” at the 4th Annual M&A Advisor Awards Dinner recognizing outstanding achievements in middle market mergers and acquisitions. The dinner was held at the New York Athletic Club in New York City and produced by “The M&A Advisor,” the country’s leading mergers and acquisitions publication. Over 400 corporate and industry leaders attended the event.

Turner’s Outdoors, Inc. was completed in 2005 by the corporate consulting firm Ballenger Cleveland & Issa, LLC (BCI) in conjunction with private investor Don Small and the private equity firm Forrest Binkley & Brown, (FBB). The newly created company, which is headquartered in Chino, Calif., purchased the assets of Andrew’s Sporting Goods DBA Turner’s Outdoorsman, the leading hunting and fishing sporting goods chain of retailers in California. The transaction occurred amid a very competitive market, while overcoming many regulatory and financing hurdles.

“We are thrilled to have received this prestigious award and to be recognized by The M&A Advisor and our peers in this industry, “said J. Michael Issa, Executive Managing Director of BCI. “The formation of Turner’s Outdoors, Inc. and the immediate purchase of Andrew’s Sporting Goods was one of the more challenging and complex transactions I’ve experienced in my 30 years in this industry. I’m delighted that this successful deal was recognized as the ‘Retailing Deal of the Year.’ It is a wonderful recognition of the knowledge, experience and professionalism of our partners and the team that worked on the transaction.”

Turner’s President and CEO Don Small commented, “We knew this deal would lead to a successful company and receiving this award confirms that we are on the right track.”

FBB founding partner Jeff Brown said, “I don’t think this deal would have been as successful without the involvement of Don Small and Mike Issa, two of the most creative and experienced individuals in the fields of investments and mergers and acquisitions.”

According to M&A Advisor, middle market deals are valued between $10 million and $1 billion, and the majority of these deals average $250 million or less. The volume of middle market deals is ten times that of mega-mergers. The middle market drives 70% of the nation’s economy, with over 1,700 deals projected for calendar year 2005 in the U.S. and approximately 6,000 worldwide.

About Ballenger Cleveland & Issa, LLC

Ballenger Cleveland & Issa, LLC (BCI) is a leading provider of corporate consulting and merchant banking services to companies with high growth potential in a broad range of industries and disciplines. From its two offices located in Southern California, BCI professionals are available to provide hands-on, specialized assistance in complex matters to domestic and international clients whose businesses are in transition or experiencing rapid growth. Without exception, the professionals at BCI each have decades of extensive hands-on operating experience in senior executive positions at numerous companies in a diverse range of industries. To learn more about BCI please visit http://www.bcillc.com.

About Forrest Binkley & Brown

Forrest Binkley & Brown is a well-known private equity firm focused on investing in middle market buyouts and providing growth capital to companies that offer potential for a substantial increase in shareholder value and exceptional rates of return to investors. With offices in Irvine and San Diego, FBB seeks to invest primarily in companies located in California, with particular emphasis on the Southern California region. Since its formation in 1993, FBB has invested more than $215 million in 52 portfolio companies. FBB is currently investing its fourth fund, Forrest Binkley & Brown Capital Partners, LLC, a non-SBIC private equity fund. For more information please visit their website at http://www.fbbvc.com

About the 14th M&A Advisor Conference and 4th Annual Awards Dinner

Offered by the leading publication in middle market M&A, the M&A Advisor Conference Series brings together a large segment of middle market professionals in one place at one time. It is a unique networking conference that focuses specifically on timely issues, bottom-line trends and career-enhancing strategies for the buying and selling of middle market companies.

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Jim Goyjer