KMS Closeouts Acquires Strategic Merchandise Group

KMS Closeouts has completed the acquisition of Strategic Merchandise Group, a wholesaler of general merchandise serving suppliers and retail customers.

About Strategic Merchandise Group

Strategic Merchandise Group, founded in 2014 and headquartered in Newton Falls, Ohio, is a wholesaler of general merchandise intended to serve suppliers and retail customers. The company through its platform offers home appliances, auto parts, electrical equipment, home decor products, toys, and pet products from bankruptcies, canceled orders, package changes, overstock, and refurbished returns, thereby enabling clients to use products strategically across all retail channels.

Key Details: - Year Founded: 2014 - Location: Newton Falls, OH - Industry: Distributors/Wholesale - Website: www.strategicmerch.com

About KMS Closeouts

KMS Closeouts is one of the largest wholesale resellers of closeout consumer products in the US. The Company provides a solution for brands to monetize excess or discontinued inventory. KMS is backed by New State Capital Partners.

About Flatirons Capital Advisors

Flatirons Capital Advisors, LLC (www.flatironscap.com) is a Mergers and Acquisitions advisory firm that helps privately held companies sell their businesses and acquire other businesses. Our unique business model affords sell-side advisory clients the ability to improve their company's performance, earnings, and effectiveness in the short-term, while simultaneously increasing their market value for a future sale. Flatirons has offices in Colorado, Florida, Illinois, and Texas.