November 2020 – Grand Rapids, MI-based Small Business Deal Advisors (“SBDA”) is pleased to announce the successful sale of Ferndale, MI-based InkAddict to OCI Ventures.
InkAddict is a tattoo lifestyle apparel brand. The e-commerce marketplace was founded in 2007 by business partners Nathan Martin and Jim Doyon in suburban Detroit. InkAddict features apparel and accessories geared toward tattoo enthusiasts that feature designs created by or inspired by tattoo artists.
Nathan Martin and Jim Doyon are the owners of Ferndale, MI-based Woodward Creative Movement, a custom screen-printing company. With the desire to focus on this business, Nathan and Jim decided to engage Small Business Deal Advisors to manage the sale of InkAddict.
InkAddict founder and seller, Nathan Martin, commented, “Jim and I are very pleased with the sale of InkAddict. OCI Ventures is a fantastic fit and it will be exciting for us to watch InkAddict enter its next phase of growth. This was a unique business and we appreciate the diligent approach that Small Business Deal Advisors took to find the right buyer.”
Ryan Smallegan, partner at OCI Ventures, added, ““We are very excited about the InkAddict acquisition. Our marketing and software development teams have provided services to clients like InkAddict over the last 14 years and we are thrilled to be able to utilize our skillset on this new project. Jim and Nathan were great to work with and we are looking forward to building on the excellent brand and community that they have built around InkAddict. I also want to give thanks to Sam Scharich at SBDA for his 24/7 responsiveness that allowed us to move quickly to close the deal in a matter of a few weeks."”
Small Business Deal Advisors advised InkAddict on the sale through the development of marketing materials, comprehensive marketing of the acquisition opportunity, and consulting through the negotiation, due diligence, and closing periods. The transaction was managed by SBDA Associate, Sam Scharich.
Terms of the transaction were not disclosed.