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Friday, Jul 19, 2024

Merger Approved by Earl Scheib Shareholders

Shareholders in auto paint and collision repair center company Earl Scheib Inc. approved a merger with Kelly Capital LLC. The merger makes Sherman Oaks-based Earl Scheib a wholly-owned subsidiary of Kelly Capital. The merger is expected to close no later than April 30. President and CEO Christian K. Bement was pleased the shareholders overwhelmingly supported a merger that is in the best interests of the company. “I believe that after the merger is completed the Company will not only be strengthened, but be in a better position for future growth,” Bement said. Kelly is a private investment firm that has completed more than $3 billion in transactions as principal investor in operating companies, real estate and debt. Mark R. Madler

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