M&A Deal Summary

Elevate Textiles Acquires American & Efird

On February 26, 2018, Elevate Textiles acquired apparel/textiles company American & Efird from KPS Capital Partners

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

M&A Deal Summary
Date 2018-02-26
Target American & Efird
Sector Apparel/Textiles
Buyer(s) Elevate Textiles
Sellers(s) KPS Capital Partners
Deal Type Merger

Target

American & Efird

Mount Holly, North Carolina, United States
American & Efird is a manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. Producers of apparel, automotive components, home furnishings, medical supplies, footwear and a diverse range of industrial products rely on A&E industrial sewing thread to manufacture their products. Customers select A&E as the preferred choice for industrial sewing thread, embroidery thread and technical textiles because of A&E’s dedication to providing its customers with the finest products and services, at the highest quality, delivered globally. Through its global network, A&E’s products are manufactured in 21 countries, distributed in 50 countries and sold in over 100 countries.

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Buyer(S) 1

Buyer

Elevate Textiles

Greensboro, North Carolina, United States
Category Company
Sector Apparel/Textiles
DESCRIPTION

Elevate Textiles is a global, diversified provider of textile solutions across performance & specialty apparel fabrics, advanced uniform fabrics, technical commercial fabrics and engineered automotive components. ITG’s businesses include: Burlington, Cone Denim, Safety Components and Carlisle Finishing.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Merger) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Cone Jacquards

Greensboro, North Carolina, United States

Sell -

Seller(S) 1

SELLER

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.

DEAL STATS #
Overall 21 of 34
Sector (Apparel/Textiles) 1 of 1
Type (Merger) 1 of 1
State (North Carolina) 3 of 3
Country (United States) 18 of 28
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 C&D Technologies

Blue Bell, Pennsylvania, United States

C&D Technologies manufactures, engineers, supplies and services fully integrated reserve power systems for regulating and monitoring power flow and providing backup power. The Company is a global leader in solutions and services for the utility, telecommunications, uninterruptible power supply, cable, broadband and renewable energy markets. C&D consistently creates innovative products and processes that improve performance and increase longterm value for its customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Electrical Components International

Creve Coeur, Missouri, United States

Electrical Components International is a manufacturer of wire harnesses and value-added assembly services for consumer appliance and specialty-industrial applications. Electrical Components International was established in 1953 and is based in Creve Coeur, Missouri.

Sell -
Mergr

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