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Maxim emerged from Chapter 11 bankruptcy protection in January 2005. Former creditors such as Bank of America and Goldman Sachs now own the company.

“Maxim’s Board of Directors has determined that shareholder value can best be maximized in the future by continuing Maxim’s focus of capturing incremental operating efficiencies and growing penetration in existing markets and evaluating potentially accretive acquisition opportunities,” the company said.

It also announced that the company is planning a repurchase program for its common stock, details of which have not yet been announced.

The company has 35 branches in six regions of the USA.