Gifts and housewares cataloger Miles Kimball is reportedly being auctioned off by Chicago-based investment bank Houlihan Lokey Howard & Zukin, according to a report in TheDeal.com. Miles Kimball chairman/president/CEO Mike Muoio could not comment on the report. But a bank representative did acknowledge that the institution was involved in a possible sale of the Oshkosh, WI-based mailer.
Sun Capital Partners, a Boca Raton, FL-based private equity firm, acquired Miles Kimball in June 2001. The cataloger, which also mails the Exposures catalog of photo frames and related items, will mail 77 million books this year. It expects to generate $10 million of EBITDA (earnings before interest, taxes, depreciation, and amortization) on $125 million in sales for 2002.