M&A Deal Summary

Dickies Acquires Walls Industries

On June 3, 2013, Dickies acquired apparel/textiles company Walls Industries from Audax Private Debt

Acquisition Highlights
  • This is Dickies’ 1st transaction in the Apparel/Textiles sector.
  • This is Dickies’ 1st transaction in the United States.
  • This is Dickies’ 1st transaction in Texas.

M&A Deal Summary

Date 2013-06-03
Target Walls Industries
Sector Apparel/Textiles
Buyer(s) Dickies
Sellers(s) Audax Private Debt
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Walls Industries

Cleburne, Texas, United States
Walls Industries is a provider of mission-critical, industrial safety and protective work wear. The company’s products have important functional qualities and safety certifications that enable workers to efficiently and safely perform their daily tasks.

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Buyer(S) 1

Buyer

Dickies

Fort Worth, Texas, United States

Category Company
Founded 1918
Sector Apparel/Textiles
DESCRIPTION

Dickies provides mission-critical, industrial safety, active workwear, and sporting goods apparel. Dickies was founded in 1918 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 21 of 53
Sector: Apparel/Textiles M&A 2 of 3
Type: Add-on Acquisition M&A Deals 10 of 19
State: Texas M&A 2 of 4
Country: United States M&A 21 of 53
Year: 2013 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Webex

Neenah, Wisconsin, United States

Webex is a designer and manufacturer of precision-engineered rolls and custom web handling machinery for a wide range of web handling and converting applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-04 Hess Print Solutions

Brimfield, Ohio, United States

Hess Print Solutions, Inc. is a book, catalog and directory manufacturer supporting the educational, business-to-business, and automotive aftermarket industries.

Sell -