M&A Deal Summary

Elite Sportswear Acquires Dreamlight Activewear

On July 17, 2017, Elite Sportswear acquired apparel/textiles company Dreamlight Activewear

Acquisition Highlights
  • This is Elite Sportswear’s 1st transaction in the Apparel/Textiles sector.
  • This is Elite Sportswear’s 2nd transaction in the United States.
  • This is Elite Sportswear’s 1st transaction in Virginia.

M&A Deal Summary
Date 2017-07-17
Target Dreamlight Activewear
Sector Apparel/Textiles
Buyer(s) Elite Sportswear
Deal Type Add-on Acquisition

Target

Dreamlight Activewear

Virginia Beach, Virginia, United States
website
Dreamlight Activewear, Inc. specializes in designing and producing high-end, customized gymnastics apparel with high-performance requirements. Dreamlight was founded in 1989 and built its reputation on superior designs, innovation and great customer service.

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Buyer(S) 1

Buyer

Elite Sportswear

Reading, Pennsylvania, United States

website

Category Company
Founded 1981
Sector Apparel/Textiles
DESCRIPTION

Elite Sportswear is a producer of gymnastics and cheerleading apparel. Distributed in over 35 countries, Elite specializes in low-run, high performance branded apparel that meets exacting needs from top athletes. Its GK branded products have been consistently worn by Olympians, World Champions, and enthusiast amateurs for over 30 years.

DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-09 Jade Swimwear

Mohnton, Pennsylvania, United States

Dolfin Swimwear is a designs and manufactures swimwear and accessories for training, competition and fitness enthusiasts.

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