Brereton, Hanley & Co., Inc. said it served as exclusive financial advisor to Entrepreneurial Ventures, Inc. dba Parrot Cellular in its sale from the Parrot Cellular Employee Stock Ownership Plan to Game Stop Corporation.
The transaction officially closed on July 31, 2015.
Brereton-Hanley partner Jared Hanley saidd, “We were able to align with the board of directors as a truly unbiased advisor throughout the entire process and negotiate a very significant premium for the employee shareholders.”
Headquartered in Campbell, California, Parrot Cellular operates a chain of approximately 70 retail stores that sell AT&T (NYSE: T) Wireless service, AT&T home service products, wireless telephones, accessories, and handset warranties. Parrot Cellular is one of the largest wireless retailers in Northern California.
Brereton-Hanley, founded in 1995, is an investment bank headquartered in San Jose, California and conducts business nationally.