M&A Deal Summary

NEJ Acquires Bills Khakis

On January 19, 2017, NEJ acquired apparel/textiles company Bills Khakis from Source Capital

Acquisition Highlights
  • This is NEJ’s 1st transaction in the Apparel/Textiles sector.
  • This is NEJ’s 1st transaction in the United States.
  • This is NEJ’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-01-19
Target Bills Khakis
Sector Apparel/Textiles
Buyer(s) NEJ
Sellers(s) Source Capital
Deal Type Add-on Acquisition

Target

Bills Khakis

Reading, Pennsylvania, United States
Bills Khakis is a premium designer and marketer of high-quality men’s apparel.

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Buyer(S) 1

Buyer

NEJ

Beacon Falls, Connecticut, United States
Category Company
Sector Transportation
DESCRIPTION

NEJ, Inc. is a provider of supply chain solutions for specialty stores, retailers and premium apparel brands, accessories, footwear and home goods.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Source Capital

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

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

Source Capital is a private equity firm that invests in mature, smaller companies in a variety of sectors. The Firm generally looks to support management-backed leveraged acquisitions, recapitalizations, growth financings, and various turnaround situations. Source Capital's broad industry focus includes business services, consumer, distribution/supply, healthcare, and light manufacturing. The Firm prefers control investments, but will selectively review minority situations. Target companies are typically profitable with at least $2 million in EBITDA. Source Capital will not invest in venture deals, high tech, or real estate. Source Capital was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 11 of 19
Sector (Apparel/Textiles) 3 of 3
Type (Add-on Acquisition) 4 of 8
State (Pennsylvania) 1 of 2
Country (United States) 11 of 19
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 PTI Security Systems

Kennesaw, Georgia, United States

PTI Security Systems is a self-storage access control security and integrated technologies. PTI Security Systems provides the most innovative, durable, and reliable security products available today, and offers a wide range of integrated security solutions that help create a seamless experience for both tenants and self-storage owners and operators. PTI Security Systems was founded in 1979 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 The Penray Companies

Downers Grove, Illinois, United States

The Penray Companies, Inc. is a manufacturer and marketer of automotive chemicals serving the heavy-duty truck and automotive aftermarket segments. The Penray Companies was founded in 1951 and is based in Downers Grove, Illinois.

Sell -
Mergr

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