Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce an investment in Retailer Web Services (“RWS”) by Nationwide Marketing Group (“Nationwide”). Founder and CEO, Jim Kane, and the RWS management team will remain in their executive leadership positions and retain a significant equity stake in the business.
“Jim and the team at RWS have developed market-leading solutions for retailers to maximize their return on digital marketing, and the long-term partnership between Nationwide and RWS provided a great foundation for Nationwide’s investment. We are grateful for the opportunity to work with RWS and Nationwide and know that RWS will continue to grow and expand its portfolio of solutions with Nationwide’s investment and involvement going forward,” said Chris Younger, Managing Director for Class VI.
“We have been part of the Nationwide family for over 15 years, working closely with Nationwide to drive the adoption of new technologies focused on the needs of independent retailers. Nationwide’s investment in RWS will enable us to better equip Nationwide members and vendors with the digital marketing tools and technologies they need to succeed in today’s retail environment,” said Jim Kane, CEO of RWS.
Jim also noted, “Working with Class VI was simply fantastic – we could not have asked for a better experience, or for more involved and capable advisors. From our initial phone call through closing, the Class VI team was there every single step of the way. Chris, Aaron, and the rest of the Class VI team are simply peerless in their field.”
“Coupled with our acquisition of SiteOnTime in late 2017, RWS has the ideal solutions to build out Nationwide’s digital platform, which will create the very best ‘business in a box’ option for independent retailers of appliances, electronics, furniture, and mattresses,” said Sean Crane, an executive for Nationwide.
Founded in 2006, Retailer Web Services is the market leader in website and sales solutions for independent retailers of appliances, mattresses, and furniture. RWS offers four main solutions: WebFronts, WebFronts Review, RetailDeck, and a new digital advertising platform known as AdRocket. For more information, www.retailerwebservices.com.
The transaction was closed on March 9, 2018. Ropes & Gray served as legal counsel to Nationwide, and Koenig,
Oelsner, Taylor, Schoenfeld & Gaddis served as legal counsel to RWS.
About Nationwide Marketing Group
Nationwide Marketing Group is North America’s largest buying and marketing organization serving the appliance, furniture, and electronics industries. Nationwide serves over 5,300 members and approximately 14,000 storefronts whom generate an estimated $18.5 billion in annuals sales.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Jim Kane, Founder and CEO of RWS, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Jim Kane may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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