M Line Holdings, Inc. completed the acquisition of The Byran Company, Inc.
October 05, 2015 at 09:30 am IST
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M Line Holdings, Inc. (OTCPK:MLHC) signed a letter of intent to acquire The Byran Company, Inc. for $4.7 million on October 16, 2014. The transaction would be financed using $3.6 million paid over seven years. For 2014, Byran Company reported net profit of $0.6 million and EBITDA of $0.75 million. Kelly Dunagan, Current President of The Byran Company, Inc will sign a 9 month employment contract under which he will be available on a consulting basis as needed.
M Line Holdings, Inc. (OTCPK:MLHC) completed the acquisition of The Byran Company, Inc. on October 5, 2015.
M Line Holdings, Inc. is a holding company. The Company is focused on the beverage branding and distribution industry, the food and beverage distributing business, coal industry, the aerospace industry and business financing. Its subsidiaries include Best Choice Food and Beverage, LLC, a food and beverage distributing company; M Line Coal Development, Inc., which intends to acquire permits for the mining and distribution of coal out of mines located in Kentucky; M Line Transportation, Inc., which is formed to manage the transportation of mined coal to its distribution points; Precision Aerospace & Technologies, Inc., which manufactures precision metal component parts and assemblies; and M Line Machinery Funding, Inc., which provides advice and support in raising new capital, management support in relation to financial control and management of the business.
M LINE HOLDINGS, INC. 
