TrueNorth Announces Sale of Manley’s Mighty-Marts

April 24, 2014 TrueNorth News

Stamford, CT, April 2014 – TrueNorth Capital Partners LLC announced today the sale of substantially all of the operating assets of Manley’s Mighty-Marts to Mirabito Holdings, Inc. As part of this transaction, Manley’s will lease land, buildings and equipment for 17 convenience stores located in Binghamton, Endicott, Endwell, Vestal, Johnson City, Ithaca and Glen Aubrey New York. The long term lease includes a purchase option after 5 years.

“We’re honored that Mr. Tony Manley accepted our offer to purchase his locations,” said Mirabito Chief Executive Officer, Mr. Joseph Mirabito. “Mr. Manley grew his business much like our family grew ours, through hard work and dedication both to customers and community.”

Fred Rossetti, lead banker on this transaction, noted that he was grateful for the cooperation of the various oil companies and lenders that participated in making this transaction possible for both Manley’s and Mirabito.

About TrueNorth Capital Partners LLC:

TrueNorth Capital Partners, LLC www.truenorthcp.com provides corporate advisory services on mergers and acquisitions and restructurings as well as provides valuations and fairness opinions primarily to middle market companies. Capitalizing on the vast international M&A and restructuring backgrounds of the founders, the firm provides sophisticated financial advice to middle market clients. TrueNorth’s professionals have built their careers and reputations serving this market and understanding its intricacies. Their skills have been evidenced in hundreds of assignments and they have completed those assignments while always remaining true to their core principles: unwavering commitment to our clients’ best interests and the highest standard of service. TrueNorth conducts its securities-related business through its wholly owned subsidiary TNCP, LLC, member FINRA/SIPC.

About Mirabito Holdings, Inc.

Mirabito Holdings, Inc. www.mirabito.com currently operates 57 Mirabito Convenience Stores, Convenience Express, and Quickway Food Store locations throughout central New York. Including the new Manley acquired sites the chain will grow to 74. The Mirabito Family of Companies operates in eight states with multiple divisions including, Natural Gas and Electric, Home Heating Fuels and Services, Wholesale Fuels, Convenience Stores, and Mirabito Truck Repair. Mirabito corporate offices are located in The MetroCenter, Binghamton, NY.

Any further inquiries can be directed to TrueNorth at the contact information provided below:

TrueNorth Capital Partners LLC
60 Long Ridge Road
Third Floor, Suite 307
Stamford, CT 06902
203.604.2007