“I was very impressed with FHL’s results and highly recommend them” – Buford Salmon FHL CAPITAL CASE STUDY: SALE OF MAJORITY STAKE IN AMERICA ’S THRIFT STORES THE NEED Buford Salmon, founder and controlling owner of America’s Thrift Stores (ATS), had successfully built a leading thrift store chain with 17 stores in five states. He was retired from day-to-day operations but enjoyed high level involvement. However, at his age he knew he should consider selling the business to liquefy his family’s net worth and enjoy some rewards. He wanted to take care of his senior management team, who made him an offer to buy the business over several years. The managers didn’t have enough capital to acquire the business within his lifetime, so Mr. Salmon got an appraisal of ATS and

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