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Houlihan Lokey Advises Goodman Factors on Sale to Independent Bank

May 21, 2014, 07:46 AM
Filed Under: Mergers & Acquisitions

Houlihan Lokey is pleased to announce the sale of Dallas-based Goodman Factors, a nationwide invoice factoring company, to Independent Bank of Memphis, TN.
Houlihan Lokey served as exclusive financial advisor to Goodman Factors and assisted in initiating, structuring and negotiating the transaction.

Based in Dallas, TX, Goodman Factors has been providing companies nationwide with cash flow solutions since its inception in 1972 by focusing on providing an alternative to traditional bank financing. As the oldest factoring company in the Southwest, Goodman has particular expertise in financing retail-directed manufacturing and distribution companies (apparel, accessories, gifts, home furnishings, etc.), but has also provided funding to temporary and contract personnel agencies, printers, transportation firms, government contractors and a countless number of other manufacturers, distributors and service companies. 

Independent Bank is an $825 million asset community bank that offers a full range of personal and business banking services primarily in Tennessee along with indirect auto financing across the greater Southeast and Southwest. Independent Bank was founded in 1998 and has 10 branches in the Memphis metro area, ranking it as a top 5 depository in Shelby County.

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past ten years, and the No. 1 M&A advisor for U.S. transactions under $3 billion, according to Thomson Reuters.

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