Fifth Third Securities Advises Flash Foods, Inc. on $425M Sale to CST Brands
February 02 2016 - 09:25AM
Business Wire
Fifth Third Securities, Inc. served as the exclusive financial
advisor to Flash Foods, Inc, on their recent $425 million
transaction with CST Brands, Inc. (NYSE: CST). The closing of the
transaction is the latest in a string of major business wins for
Fifth Third Capital Markets, which provides full-service investment
banking, debt underwriting, and capital markets capabilities. Fifth
Third Securities, Inc.’s M&A advisory services represent an
expansion of capabilities and a significant growth area for Fifth
Third Capital Markets to support middle market and mid-corporate
clients.
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View the full release here:
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Bob Marcus, Managing Director and Head of
Fifth Third Capital Markets (Photo: Business Wire)
“The Flash Foods transaction is representative of the
consultative and strategic approach we take with our clients,”
explained Bob Marcus, Managing Director and Head of Fifth Third
Capital Markets. “Our bankers go beyond the transaction at hand to
help our clients evaluate all strategic alternatives, determining
the right path based on market conditions and stakeholder
objectives.”
James C. Jones, the outgoing CEO of Flash Foods noted the
selling of his family business was a complicated and emotional
process.
“Fifth Third was our guide and friend throughout the unfamiliar,
complex and emotional process of selling my family’s life’s work,”
said Jones. “They understood the things that were uniquely
important to my family and were just as comfortable walking away
from an offer, even a very lucrative one, that didn’t meet those
important criteria.”
Fifth Third Capital Markets provides value-added advice and
solutions aimed to support the growth and profitability of middle
market and mid-corporate clients. Fifth Third’s Capital Markets
services include investment banking++, debt capital markets+,
equity capital markets++, financial risk management+ and fixed
income sales and trading++. The group has offices in Atlanta,
Charlotte, Cincinnati, Chicago, Cleveland, Dallas and Memphis, and
provides industry specialization across many sectors including
consumer retail, diversified industrials, energy, food, beverage
and agribusiness, healthcare, real estate, surface transportation
and telecom, media and technology.
For additional information about how the capital markets
professionals at Fifth Third can help your business, please visit
our website.
+ Services and activities offered through Fifth Third Bank++
Services and activities offered through Fifth Third Securities,
Inc.
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $141 billion in
assets and operates 1,254 full-service Banking Centers, including
95 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,593 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Pennsylvania,
Missouri, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third also has an 18.3%
interest in Vantiv Holding, LLC. Fifth Third is among the largest
money managers in the Midwest and, as of December 31, 2015, had
$297 billion in assets under care, of which it managed $26 billion
for individuals, corporations and not-for-profit organizations.
Investor information and press releases can be viewed at
www.53.com. Fifth Third’s common stock is traded on the NASDAQ®
Global Select Market under the symbol “FITB.” Fifth Third Bank was
established in 1858. Member FDIC.
About Flash Foods
Flash Foods, Inc. operates 164 convenience stores in Georgia and
Florida. The Company also includes 21 quick-service restaurants and
is completely integrated with fuel and merchandising distribution
capabilities. Flash Foods is a technologically innovative retailer
that has pioneered online and mobile application marketing programs
for convenience stores. www.flashfoods.com
Fifth Third Securities, Inc., member
FINRA/SIPC, is a wholly owned subsidiary of Fifth Third Bank, a
registered broker-dealer and a registered investment advisor
registered with the U.S. Securities and Exchange Commission (SEC).
Registration does not imply a certain level of skill or training.
Securities and investments offered through Fifth Third Securities,
Inc. and insurance products:
Are Not FDIC Insured Offer No Bank Guarantee May Lose
Value Are Not Insured By Any Federal Government Agency Are Not A
Deposit
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Fifth Third BancorpSean Parker, 513-534-6791
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