JANAS is pleased to announce the completion of a Sellside transaction in Hawaii. The Firm is active in Hawaii Mergers & Acquisitions. Carter Freeman, the Chairman of Janas, lived in Honolulu for twenty years and continues to travel and work in the state he calls home.
JANAS represented the owner, prepared the
Confidential Information Memorandum,
and participated in the structure, financing,
and completion of the transaction.
Pomare, Ltd., which operates under the Hilo Hattie trade name, was sold to Rain or Shine, Inc. owned by Josh Margolis. The original Company was founded by Josh’s grandparents on the Big Island of Hawaii.
The transaction was interrupted by COVID-19, which effectively shut down Hawaii for an extended period. The fire on the Island of Maui burned a company store in Lahaina.
Despite those challenges, both Seller and Buyer continued to communicate directly through JANAS. That tenacity finally led to a transaction. The professionals at JANAS who worked over several years to complete the transaction are Steve Boehm and Carter Freeman.
Article Authored by Carter Freeman