M&A Deal Summary

Oxford Industries Acquires Strong Suit Clothing

On March 1, 2017, Oxford Industries acquired retailer Strong Suit Clothing from Advantage Capital Partners

Acquisition Highlights
  • This is Oxford Industries’ 2nd transaction in the Retail sector.
  • This is Oxford Industries’ 4th transaction in the United States.
  • This is Oxford Industries’ 1st transaction in Arkansas.

M&A Deal Summary

Date 2017-03-01
Target Strong Suit Clothing
Sector Retail
Buyer(s) Oxford Industries
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

Strong Suit Clothing

Little Rock, Arkansas, United States
website
Strong Suit Clothing is a men's apparel company, that designs and makes clothing for men that include suits, blazers, vests, tuxedos, trousers, shirts and ties. Strong Suit Clothing was founded in 2014 and is based in Little Rock, Arkansas.

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Buyer(S) 1

Buyer

Oxford Industries

Atlanta, Georgia, United States

website


Category Company
Founded 1942
Sector Apparel/Textiles
Employees4,700
Revenue 1.1B USD (2022)
DESCRIPTION

Oxford Industries is an apparel design, sourcing and marketing company featuring a diverse portfolio of owned and licensed brands and a collection of private label apparel businesses. Oxford's brands include Tommy Bahama, Ben Sherman, Lilly Pulitzer, Oxford Golf, Arnold Brant and Billy London. Oxford Industries was founded in 1942 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 4 of 5
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Arkansas) 1 of 1
Country (United States) 4 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Southern Tide

Greenville, South Carolina, United States

Southern Tide LLC is a manufacturer and seller of clothing, footwear, and accessories for men, women, and children. Southern Tide has experienced rapid consumer and specialty retailer acceptance and enthusiasm for the product and the brand. Over the past eight years, the Company has evolved into an entire apparel collection built on the same high standards as the first benchmark product the iconic men’s Skipjack Polo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 Johnny Was

Los Angeles, California, United States

Johnny Was designs, markets, and sells “boho chic,” “vintage-inspired” women’s apparel and accessories in the U.S. and internationally through wholesale, retail, and e-commerce channels. Johnny Was was founded in 1987 and is based in Los Angeles, California.

Buy $270M

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 74 of 96
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 40 of 54
State (Arkansas) 1 of 1
Country (United States) 74 of 96
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Merrill Industries

Ellington, Connecticut, United States

Merrill Industries is a manufacturer and sells high-quality corrugated and solid fiber packaging products, and resells packing filler materials such as foam and plastic inserts. Merrill Industries is based in Ellington, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-06 Cardio Partners

Brentwood, Tennessee, United States

Cardio Partners provides nation-wide, onsite training in CPR, first aid and the use of AEDs. It sells AEDs and related products and provides program management services related to AEDs. Cardio Partners works with each client to determine the best training and product solution to meet their budgets, needs and expectations. Cardio Partners was founded in 2005 and is based in Brentwood, Tennessee.

Sell -