3 Day Blinds has been acquired by Summit Partners, March 1998

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3 Day Blinds, Inc. has been acquired by Summit Partners

Kerlin advised the Board of Directors of 3 Day Blinds, a privately held retailer of home blinds, on the possible sale of the company. Kerlin worked closely with the Board to develop and complete a process which resulted in the sale to Summit Partners. As part of its engagement, Kerlin provided an opinion to the Board with respect to the fairness of the transaction from a financial point of view. Subsequent to the closing, a minority shareholder filed a lawsuit against the Board and other shareholders claiming infringement of his minority shareholder rights. Kerlin was one of the primary witnesses in the resulting jury trial in which the company and majority shareholders prevailed and the company received damages from the minority shareholder.