DELSTAR joins HDS Retail  

September 3, 2008             

HDS Retail North America is pleased to announce that it has acquired a majority interest in DELSTAR Companies, Inc., one of the largest women-owned businesses in Phoenix, Arizona.

 

DELSTAR is an award-winning travel retailer recognized in the industry for its innovative approach to developing exciting merchandising concepts and for its dedication to providing excellent customer service. Started over 30 years ago by Pam Del Duca, DELSTAR has demonstrated vision and creativity in pioneering retail concepts that embraced the concept of Sense of Place such as Pueblo Spirit, Arizona Highways, Awesome Atoms, The Phoenix and azcentral.com.

As part of this transaction, DELSTAR founder Pam Del Duca will retain ownership of certain entities as well as stay on as President and CEO of DELSTAR. "We are genuinely excited to join forces with HDS Retail, their company philosophy is a great match with ours," stated Pam Del Duca. "We have been impressed with their professionalism throughout this process and look forward to working together to continue to grow our business in the Southwest and beyond."

Gerry Savaria, President & CEO of HDS Retail commented, "We are pleased to welcome Pam and her team to our family and look forward to leveraging our respective strengths in order to exceed expectations of both travelers and airport authorities."

Miller Capital Markets, LLC acted as financial advisor to DELSTAR in the transaction. Terms of the agreement were not disclosed.

 

 

About Miller Capital Markets, LLC

Miller Capital Markets, LLC (Miller) is a Scottsdale, Arizona-based FINRA member investment banking firm serving both public and private middle market companies throughout the country. Miller and the affiliated companies that form The Miller Group offer a broad spectrum of services that also includes venture capital and private equity investing, management consulting and business valuations. www.themillergroup.net