Elder Beaman Stores Corp

Elder Beam Stores Corp Capital Raise

Elder-Beerman Stores Corp., a chain of department stores, successfully completed a $25 million capital raise. The private placement was managed by members of the Aaron Capital team.

About Elder-Beerman Stores Corp.

The Elder-Beerman Stores Corp. operates department stores in the United States. The stores sell a range of moderate to better branded merchandise, including women's, men's, and children's apparel and accessories; cosmetics; home furnishings; and other consumer goods. The company’s stores are principally located in small to midsize midwestern markets in Ohio, West Virginia, Indiana, Illinois, Michigan, Wisconsin, Kentucky, and Pennsylvania. The company was founded in 1883 and is based in Dayton, Ohio.