Investment Summary

Convergent Capital Partners Invests In AR500 Armor

On February 3, 2022, growth capital firm Convergent Capital Partners invested in apparel/textiles company AR500 Armor

Investment Highlights
  • This is Convergent Capital Partners’ 2nd transaction in the Apparel/Textiles sector.
  • This is Convergent Capital Partners’ 61st transaction in the United States.
  • This is Convergent Capital Partners’ 1st transaction in Arizona.

Investment Summary
Date 2022-02-03
Target AR500 Armor
Sector Apparel/Textiles
Investor(s) Convergent Capital Partners
Deal Type Growth Capital

Target

AR500 Armor

Phoenix, Arizona, United States
AR500 Armor manufactures body armor and related accessories primarily for direct-to-consumer use as well as select law enforcement and public safety professionals. AR500 Armor was founded in 2012 and is based in Phoenix, Arizona.

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Investor(S) 1

Investor

Convergent Capital Partners

Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 61 of 62
Sector (Apparel/Textiles) 2 of 3
Type (Growth Capital) 16 of 16
State (Arizona) 1 of 1
Country (United States) 61 of 62
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Cloud for Good

Irving, Texas, United States

Cloud for Good is a provider of Salesforce solutions focused on the higher education and nonprofit sectors. Cloud for Good has delivered over 2,000 Salesforce implementations and solutions to more than 1,000 organizations, from the Massachusetts Institute of Technology (MIT) and Harvard to the National Aquarium and ChildFund International. Cloud for Good was founded in 2010 and is based in Irving, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Turtle Fur

Morrisville, Vermont, United States

Turtle Fur is a manufacturer of Comfort-focused headwear and accessories in the outdoor, snow sports, and lifestyle markets. Turtle Fur was founded in 1982 and is based in Morrisville, Vermont.

Buy -
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