Weinberg Capital buys Convenience Valet
Weinberg Capital Group has acquired Mechanical Servants LLC, which does business as Convenience Valet. Financial terms weren’t announced. The seller was David Baum, Convenience Valet’s president & CEO. Baum will remain a significant shareholder. Melrose Park, Illinois-based Mechanical Convenience Valet’s distributes blister pack (windowed) branded convenience / travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. KeyBank National Association provided senior financing while F.N.P. Capital Partners LP supplied mezzanine financing and an equity co-investment.
3 March 2015•3 mins read
