M&A Deal Summary

Atlas Holdings Acquires Herff Jones

On September 5, 2023, private equity firm Atlas Holdings acquired consumer products company Herff Jones from Varsity Brands

Acquisition Highlights
  • This is Atlas Holdings’ 2nd transaction in the Consumer Products sector.
  • This is Atlas Holdings’ 29th transaction in the United States.
  • This is Atlas Holdings’ 1st transaction in Indiana.

M&A Deal Summary

Date 2023-09-05
Target Herff Jones
Sector Consumer Products
Buyer(s) Atlas Holdings
Sellers(s) Varsity Brands
Deal Type Divestiture

Target

Herff Jones

Indianapolis, Indiana, United States
website
Herff Jones manufactures and markets recognition, awards, and championship products. It offers graduation products, including announcements, college class rings, links and resources, diplomas, diploma frames, and college products, as well as caps, gowns, and accessories; and class rings and jewelry products, such as college class rings, championship rings, prestigious awards, sports fan jewelry, nursing pins, recognition pins, lamps, and accessory jewelry.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

website


Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 33 of 35
Sector (Consumer Products) 2 of 2
Type (Divestiture) 12 of 14
State (Indiana) 1 of 1
Country (United States) 29 of 29
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 US Farathane

Auburn Hills, Michigan, United States

US Farathane is a manufacturer and supplier of functional black plastic, interior, and exterior plastic components intended to innovate and pair with solid value. The company's manufacturing division designs highly engineered plastic injection-molded components in a variety of sizes and shapes and supply both functional and decorative parts to companies in the Automotive industry. US Farathane was founded in 1971 and is based in Auburn Hills, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Quesnel River Pulp

Quesnel, British Columbia, Canada

Quesnel River Pulp is producer of wood products. Quesnel River Pulp is based in Quesnel, British Columbia.

Buy -

Seller(S) 1

SELLER

Varsity Brands

Memphis, Tennessee, United States

website


Category Company
Sector Consumer Products
Employees9,000
DESCRIPTION

Varsity Brands is a provider of goods and services to the school spirit industry. Varsity designs, markets and manufactures cheerleading and dance team uniforms and accessories. With a mission to inspire achievement and create memorable experiences for young people, Varsity Brands elevates the student experience, promotes participation and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Together, these businesses promote personal, school and community pride through their customizable products and programs to elementary and middle schools, high schools, and colleges and universities, as well as church organizations, professional and collegiate sports teams and corporations.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Stanbury Uniforms

Brookfield, Missouri, United States

Stanbury Uniforms, Inc. provides band apparel nationwide. Stanbury Uniforms, Inc. is based in Brookfield, Missouri.

Buy -