Mission Ready Services Inc (CVE:MRS) Update On Wild Things Acquisition


Mission Ready Services Inc (CVE:MRS) reported that all conditions guide to the Asset Purchase Deal linked to the acquisition deal of Wild Things, LLC, first reported September 1, 2016, has been satisfied and the company has closed the acquisition deal of the business and some assets of Wild Things, LLC. The USD $4.5MM deal was further detailed in other four press releases issued in January and February. This close of the deal follows the nod from Crestmark Bank to extend a credit facility of USD $2.5MM to Wild Things USA Inc., which is a subsidiary of the firm.

The update

Rod Reum, the CEO and President of Mission Ready, stated that they are excited to report the closure of the Wild Things Acquisition and intends to extend sincere appreciation to all of the members involved in developing this transaction to close, comprising the Wild Things team and participants of Crestmark’s staff. Crestmark has been offering lending facilities to Wild Things for many years, and they are honored to have them associate with company as well.

Crestmark comes in the list of FDIC-insured bank that offers unique financial offerings for businesses countrywide. Financing solutions comprise asset-based lending, lines of credit, accounts receivable financing, factoring, term loans, equipment leasing and machinery/equipment financing.

Crestmark has broad experience in assisting many industries including transportation, staffing, apparel/furniture/footwear manufacturing/distribution, petrochemical, hotels/hospitality, insurance agencies, technology hardware/software, manufacturing and government contractors. Headquartered in Michigan, with more offices in California, Tennessee, New York, Illinois and Florida, Louisiana; and representatives countrywide.

Founded in 1981, Mission Ready subsidiary has netted a reputation for lightweight, tough technical outerwear, sophisticated haul-bags, innovative tactical clothing and alpine-style backpacks. Wild Things inhabits a unique position in the market with long heritage of leading product design for the dedicated needs of the military and alpine mountaineering communities.

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