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Barry Gersick and Brad Pederson Close $170M Business Deal for Jacobs Trading, LLC

October 26, 2011

Barry Gersick and Brad Pederson represented Jacobs Trading, LLC in the sale of its salvage and liquidation business to Liquidity Services, Inc., a publicly-traded leading provider of online marketplaces and integrated services for surplus assets. The deal, which closed effective October 1, 2011, resulted in a transaction yielding cash, stock, a promissory note and performance-based consideration proceeds of $170 million.

Jacobs Trading , LLC is a provider of remarketing and reverse logistics solutions with an over 20-year track record of service excellence to leading Fortune 500 retailers and consumer goods manufacturers.

Barry Gersick, a partner in Maslon's Business & Securities Group, practices in the areas of taxation, business matters, and estate planning. He has assisted owners of businesses in numerous acquisitions and divestitures.

Brad Pederson is a member of Maslon's Business & Securities Group, and focuses his practice primarily in mergers & acquisitions, securities, corporate finance and general corporate matters.

For more information on the deal and companies involved, view the Yahoo! Finance article.


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