M&A Deal Summary

Genesco Acquires Hat World

On February 5, 2004, Genesco acquired retailer Hat World from Parallel Investment Partners for 165M USD

Acquisition Highlights
  • This is Genesco’s 1st transaction in the Retail sector.
  • This is Genesco’s largest (disclosed) transaction.
  • This is Genesco’s 1st transaction in the United States.
  • This is Genesco’s 1st transaction in Indiana.

M&A Deal Summary

Date 2004-02-05
Target Hat World
Sector Retail
Buyer(s) Genesco
Sellers(s) Parallel Investment Partners
Deal Type Add-on Acquisition
Deal Value 165M USD

Target

Hat World

Indianapolis, Indiana, United States
Hat World is a specialty retailer of licensed and branded headwear in the United States with over 500 primarily mall-based stores in 44 states operating under the Lids, Hat World, Hat Zone and Cap Factory storefronts.

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Buyer(S) 1

Buyer

Genesco

Nashville, Tennessee, United States

Category Company
Founded 1924
Sector Retail
Employees4,200
Revenue 2.3B USD (2024)
DESCRIPTION
Entrance to Genesco's corporate headquarters in Nashville, Tennessee.
Entrance to Genesco's corporate headquarters in Nashville, Tennessee.

Genesco is a specialty retailer that sells footwear, headwear, sports apparel and accessories. Genesco's branded stores include Journeys, Schuh, and Lids Sports. The Company also designs, sources, markets and distributes footwear under its own Johnston & Murphy brand, the Trask brand, and the licensed Dockers brand. Genesco was founded in 1924 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 1 of 4
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-11 Hat Shack

Marietta, Georgia, United States

Hat Shack, Inc. is a privately held company operates an online store that provides hats in the United States and Canada markets.

Buy -

Seller(S) 1

SELLER

Parallel Investment Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Parallel Investment Partners is a private equity firm focused on acquiring North American middle market companies. Parallel looks for companies generating at least $10 million in revenue and valued between $10 and $100 million. Sectors of interest include business services, financial services, energy exploration, energy services, healthcare services, medical products, restaurants, retail, education, engineered products, and light manufacturing. Prospective transaction situations include recapitalizations, growth capital financings, buyouts, and divestitures. Parallel Investment Partners was formed in 1999 and is based in Dallas Texas.


DEAL STATS #
Overall 3 of 19
Sector (Retail) 3 of 8
Type (Add-on Acquisition) 1 of 6
State (Indiana) 1 of 1
Country (United States) 3 of 19
Year (2004) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Personnel Concepts

Ontario, California, United States

Personnel Concepts, Inc. is a publisher of workplace information posters and other human resources products for small to medium-sized businesses. All-In-One's principal product is the 'Space Saver I' labor law compliance poster - a single-product solution that enables businesses to comply with complicated and constantly changing federal and state-mandated workplace information posting laws. All-In-One also publishes human resources management reference materials, employment law compliance manuals, employee performance measurement tools and other related products to help businesses meet the full spectrum of human resources management objectives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Teavana

Atlanta, Georgia, United States

Teavana is a specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and tea-related merchandise through its mall-based stores.

Buy -