NewswireToday - /newswire/ -
West Palm Beach, FL, United States, 2011/03/09 - HI7E has successfully acquired New York City based Vandaele Holdings, a holding firm comprised of companies in different lines of business that provide customers with variety of products and services.
HI7E, a private investment partnership based in Florida, is pleased to announce that it has completed the acquisition of Vandaele Holdings to further expand its business, which will take effect starting on March 9th, 2011. This acquisition is in line with HI7E’s strategy of expanding its business through the purchase of successful companies with strong market position in their respective regions.
Founded in 2009 with headquarter in New York City, NY, Vandaele Holdings is a holding firm comprised of companies in different lines of business that provide customers with a broad array of products and services including retail, sports, entertainment, tourism, publishing and textile and apparel. They leverage their operational expertise, equity capital and existing customer base when partnering with growing companies.
This partnership and recapitalization will provide the company with significant operating liquidity. This strong balance sheet and improving performance trends will allow the company to grow and expand. Increased stability has proven to increase the company’s ability to bolster existing operations and pursue new opportunities.
With HI7E’s professional business expertise and its top management team, who have an outstanding track record of success and a clear strategy for long-term growth, they will support Vandaele Holdings as they continue to increase their breadth and is excited to build a world-class brand in a region and sector for tremendous growth prospects.
HI7E (hi7e.com) is a private investment partnership with a focus in real estate, sports, print and social media, entertainment and retail sectors.