Eclipse Business Capital provided financing to certain members of Shoppers World in conjunction with its acquisition of Forman Mills.
Shoppers World is a discount retailer with 40 locations owned by the Dushey family. With the acquisition, Shoppers World continues its growth initiative, by doubling its store count and saving jobs across the Greater Atlantic and Midwest regions.
“We are excited to add Forman Mills to the SW family of business, and plan to continue operating all Forman Mills locations, and we look forward to seeing the benefits to both companies from this new acquisition,” Sam Dushey, CEO of Shoppers World, said.
“Eclipse is appreciative of the opportunity to partner with Shoppers World by providing them a working capital facility that will allow them to complete their business transformation.” Jim Gurgone, chief risk officer at Eclipse, said.
