M&A Deal Summary

David Peyser Sportswear Acquires MagnaReady

On March 29, 2022, David Peyser Sportswear acquired apparel/textiles company MagnaReady

Acquisition Highlights
  • This is David Peyser Sportswear’s 1st transaction in the Apparel/Textiles sector.
  • This is David Peyser Sportswear’s 1st transaction in the United States.
  • This is David Peyser Sportswear’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-03-29
Target MagnaReady
Sector Apparel/Textiles
Buyer(s) David Peyser Sportswear
Deal Type Add-on Acquisition

Target

MagnaReady

Raleigh, North Carolina, United States
MagnaReady is a magnetic apparel company with two products a white and blue men’s dress shirt. Today, the patented magnetic closures that make MagnaReady clothing unique can be found in short and long sleeve dress shirts, polos, chino pants, jeans, jackets, shorts, athletic clothing, and sleepwear. In 2020, YARROW powered by MagnaReady was launched for women. The collection includes collared tanks, long and short sleeve tunics, jeans, dresses, jackets, cardigans, sportswear, and sleepwear all featuring magnetic closures for easy dressing. MagnaReady was formed in 2013 and is based in Raleigh, North Carolina.

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

David Peyser Sportswear

New York, New York, United States

Category Company
Founded 1948
Sector Apparel/Textiles
DESCRIPTION

David Peyser Sportswear is a manufacturer and marketer of outerwear and sportswear. The company owns Weatherproof, a brand of better men’s and women’s outerwear and sportswear available at top retailers in the US and internationally. In addition to the Weatherproof, the company owns and operates the 32 Degrees brand. It also markets a men’s sportswear collection under the Weatherproof Vintage brand. In addition, the company offers cold-weather accessories, footwear, slippers, hosiery, loungewear, children’s, and a variety of other product categories under the Weatherproof Vintage brand through licensing partners. It also owns MV Sport and The Game, leading providers of custom decorated apparel and hats to the college bookstore, resort, and corporate markets. David Peyser Sportswear was founded in 1948 and is based in Bay Shore, New York, with showrooms in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1