M&A Deal Summary

Charlesbank Capital Partners Acquires Rockport

On July 4, 2018, private equity firm Charlesbank Capital Partners acquired apparel/textiles company Rockport for 150M USD

Acquisition Highlights
  • This is Charlesbank Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Charlesbank Capital Partners’ 9th largest (disclosed) transaction.
  • This is Charlesbank Capital Partners’ 54th transaction in the United States.
  • This is Charlesbank Capital Partners’ 7th transaction in Massachusetts.
Investment Fate
  • Rockport went bankrupt in 2023.
  • Rockport was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2018-07-04
Target Rockport
Sector Apparel/Textiles
Buyer(s) Charlesbank Capital Partners
Deal Type Special Situations/Distressed
Deal Value 150M USD

Target

Rockport

Canton, Massachusetts, United States
Rockport is a designer and marketer of high-quality comfort footwear for men and women. Rockport was founded in 1971 and is based in Canton, Massachusetts.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 61 of 91
Sector: Apparel/Textiles M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 2 of 2
State: Massachusetts M&A 7 of 7
Country: United States M&A 54 of 80
Year: 2018 M&A 4 of 5
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 BJ s

Marlborough, Massachusetts, United States

BJ's is a warehouse club operator on the East Coast of the United States. BJ's delivers significant value to our members, consistently offering 25% or more savings on a representative basket of manufacturer-branded groceries compared to traditional supermarket competitors. BJ's provides a curated assortment focused on perishable products, continuously refreshed general merchandise, gas and other ancillary services to deliver a differentiated shopping experience that is further enhanced by our omnichannel capabilities. BJ's was incorporated in 1984 and is based in Westborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 GrayWolf Industrial

Owensboro, Kentucky, United States

GrayWolf is a specialized mechanical contractor focused on the power, refinery and heavy industrial markets. The company offers fully outsourced and on-call maintenance services as well as installation services for environmental compliance projects, plant extensions, upgrades and new builds. GrayWolf’s customer base includes plant operators, industrial contractors and original equipment manufacturers.

Sell $135M