Investment Summary

Ellipse Capital and Salem Investment Partners Exits Heritage Sportswear

On April 24, 2019, invested in apparel/textiles company Heritage Sportswear from Ellipse Capital and Salem Investment Partners

Investment Highlights
  • This is transaction in the Apparel/Textiles sector.
  • This is transaction in the United States.
  • This is transaction in Ohio.

Investment Summary

Date 2019-04-24
Target Heritage Sportswear
Sector Apparel/Textiles
Sellers(s) Ellipse Capital
Salem Investment Partners
Deal Type Bankruptcy

Target

Heritage Sportswear

Hebron, Ohio, United States
Heritage Sportswear is a distributor of imprintable sportswear, apparel, headwear, and accessories to the promotional products market. Heritage Sportswear was founded in 1982 and is based in Hebron, Ohio.

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Seller(S) 2

SELLER

Ellipse Capital

Chicago, Illinois, United States

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Ellipse Capital is a private investment group focused on partnering with management teams to acquire distribution businesses. Ellipse looks to identify companies where the Firm can work with management to expand geographic reach, product/service offerings, and customers. For new company investments, Ellipse seeks to invest $10 to $50 million for controlling positions in businesses valued up to $100 million. Ellipse Capital was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 8
Sector: Apparel/Textiles M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Ohio M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Monroe Engineering

Rochester Hills, Michigan, United States

Monroe Engineering is a distributor of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, as well as maintenance, repair and operations applications. Monroe Engineering serves customers across a wide range of end markets including aerospace, defense, medical, transportation, consumer goods, building products, and other diversified industrial markets. Monroe Engineering was founded in 1968 and is based in Rochester Hills, Michigan.

Sell -
SELLER
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 6 of 10
Sector: Apparel/Textiles M&A 2 of 2
Type: Bankruptcy M&A Deals 2 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 6 of 10
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Connectivity Wireless Solutions

Duluth, Georgia, United States

Connectivity Wireless Solutions is a provider of wireless solutions to enterprise and wireless service provider customers throughout the U.S. Connectivity Wireless offers highly valued solutions to wireless carriers along with advanced, scalable wireless networks to building owners who understand the importance of creating the best possible wireless experience for their customers today and in the future. Connectivity Wireless Solutions was established in 2008 and is based in Duluth, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Generx Generators

Oldsmar, Florida, United States

Generx Generators provides residential homeowners and businesses with all their standby electric power solutions that sell, install, service, and maintain Generx generators. Generx Generators was established in 2005 and is based in Oldsmar, Florida.

Buy -