NewswireToday - /newswire/ -
Lakeville, IN, United States, 2009/09/10 - Chicago area investment consortium Opus Financial leads “B” equity financing round; working with CEO to streamline operations; set stage for long-term growth.
Working Person’s Enterprises, (WPE) parent company of WorkingPerson.com, a national e-retailer based in Michigan, announced a “B” round equity financing led by Opus Financial (opus-financial.com), of Chicago. Other participants in the financing included Chicago-based Fusion Capital Partners and FSB Companies. All three investment firms were participants in WPE’s previous financing rounds in 2007. Terms of the latest transaction were not disclosed.
“We’re very pleased to have our investors’ continued support,” said Eric Deniger, CEO of WPE. “Given the uncertainty in the economy in general, this equity investment is a huge vote of confidence in the company’s future,” Deniger added.
“We’re long-term, value investors,” said Michael Callaghan of Opus Financial, “and Working Person’s is a value-based company with incredible potential. We’re working closely with Mr. Deniger and our investment partners to prepare the company for expansive growth, and we intend to be a significant player in the worker apparel and footwear market in the coming years.”
WorkingPerson.com is a three time winner of Internet Retailer’s “Top 500” award and was picked as one of their “Hot 100 Best Websites”; it’s been on Inc. magazines “Inc. 5,000” and “Inc. 500” list of the fastest growing privately held companies in America.
About the Working Person’s Store
Since 1995, The Working Person’s Store and its online division WorkingPerson.com, have grown into a leading multi-channel resource for quality work apparel, footwear and safety-gear by leading brands including Carhartt, Dickies, Wolverine World Wide, Carolina Shoe, Timberland PRO, Bates Shoes and Boots, Dr. Martens Shoes, and over a hundred other quality brands.