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Palm Beach Capital invests in Harold Levinson Associates

Palm Beach Capital Fund III, through one of its investment entities, has agreed to make an investment in Harold Levinson Associates, a full-line distributor to US convenience stores and tobacco shops.

The transaction is expected to close within the next 30 days. Financial terms have not been disclosed.
 
“Palm Beach Capital shares our same customer-centric philosophy, entrepreneurial spirit and dedication to growth,” says Ed Berro, chief executive officer and co-founder of Harold Levinson Associates. “With their experience and capital, we plan to continue the aggressive growth of the company both organically and through strategic partnerships for years to come. We are all excited to welcome our new partners into the HLA family.”
 
“What the management team at HLA has built over the years is truly remarkable,” says Mike Schmickle, Palm Beach Capital. “With the Berros and Barry Feldman leading the way, we look forward to assisting the company with the execution of its long-term growth plans. Palm Beach Capital will target strategic acquisitions and partnerships that adhere to the same philosophies and culture that have been the recipe for success at HLA for almost 40 years.”

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