Affluence Corporation Announces Intent to Acquire Durham Black LLC and Appoint Leadership Team to Key Executive Roles [Yahoo! Finance]
AFFLUENCE CORP (AFFU)
Company Research
Source: Yahoo! Finance
announced its strategic intent to acquire Durham Black, LLC, a strategic advisory firm focused on three fundamental areas: Capital Structure, Growth Execution and Operational Excellence. The acquisition is a significant step forward in Affluence growth strategy, aimed at establishing itself as a global leader in solutions that power both smart industries and next generation Internet. Following the close of the transaction Affluence will appoint Durham Black management to leadership. Patrick Shutt will be named CEO and Chairman of the Board and Mary Stanhope will become COO. "This is an exciting time for Affluence, the Durham Black team is already driving value and we have a shared vision to maximize the potential of Affluence and grow from both organic and acquisition initiatives." said James E Honan, Jr., CEO of Affluence Corporation. "The addition of Patrick Shutt and his team will further drive the growth of Affluence and position us to be able to assimilate future acquisitions
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