M&A Deal Summary

Hartwell Apparel Acquires Katzenberg Brothers

On November 30, 1997, Hartwell Apparel acquired apparel/textiles company Katzenberg Brothers from Florida Capital Partners and KLH Capital

Acquisition Highlights
  • This is Hartwell Apparel’s 1st transaction in the Apparel/Textiles sector.
  • This is Hartwell Apparel’s 1st transaction in the United States.
  • This is Hartwell Apparel’s 1st transaction in Maryland.

M&A Deal Summary
Date 1997-11-30
Target Katzenberg Brothers
Sector Apparel/Textiles
Buyer(s) Hartwell Apparel
Sellers(s) Florida Capital Partners
KLH Capital
Deal Type Add-on Acquisition

Target

Katzenberg Brothers

Baltimore, Maryland, United States
Katzenberg is a manufacturer of customized physical education and team sports jerseys and shorts.

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Buyer(S) 1

Buyer

Hartwell Apparel

Hartwell, Georgia, United States
Category Company
Founded 1939
Sector Apparel/Textiles
DESCRIPTION

Hartwell Apparel is a manufacturer, distributor and decorator of customizable promotional apparel & corporate uniforms. Hartwell Apparel was founded in 1939 and is based in Hartwell, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-03 Palmetto’s

Hartwell, Georgia, United States

Palmetto’s, a family-owned manufacturer of young women's casual clothing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Oarsman Sportswear

United States

Oarsman Sportswear is a supplier of decorated apparel to the military, college and corporate markets.

Sell -

Seller(S) 2

SELLER

Florida Capital Partners

Tampa, Florida, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Florida Capital Partners (FCP) is a private equity firm focused on acquisitions or recapitalizations of profitable private companies located in the continental US. FCP targets businesses with Enterprise value between $20 to $100 million with an EBITDA of $5 to $20 million. FCP prefers companies operating in traditional industries such as niche manufacturering, specialty services, and value-added distribution. FCP avoids investing in commodity products, start-ups, restaurants/hospitality, amusement parks, technology, biotech, retail, and real estate. FCP was formed in 1988 and is based in Tampa, Florida.

DEAL STATS #
Overall 2 of 21
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 1 of 7
State (Maryland) 1 of 1
Country (United States) 2 of 21
Year (1997) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Source4

Huntersville, North Carolina, United States

Source4 is a national company, headquartered in Huntersville, North Carolina, and has been in business for over 40 years. We provide a broad range of Integrated Business and Marketing Solutions to fulfill our client's operational and marketing needs. Our extensive fulfillment and distribution capabilities and the ability to provide a wide range of technology solutions allows for the delivery of complete custom solutions for our clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-11 Perky-Pet Products

Denver, Colorado, United States

Perky-Pet is one of the nation's leading manufacturers of wild bird feeders. From its 200,000 square foot facility in Denver, Colorado, the company produces a complete line of wild bird feeders and accessories. The company is a leading supplier to the lawn and garden, hardware and pet industries.

Buy -
SELLER

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.

DEAL STATS #
Overall 4 of 30
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 2 of 11
State (Maryland) 1 of 2
Country (United States) 4 of 30
Year (1997) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Source4

Huntersville, North Carolina, United States

Source4 is a national company, headquartered in Huntersville, North Carolina, and has been in business for over 40 years. We provide a broad range of Integrated Business and Marketing Solutions to fulfill our client's operational and marketing needs. Our extensive fulfillment and distribution capabilities and the ability to provide a wide range of technology solutions allows for the delivery of complete custom solutions for our clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-12-11 Perky-Pet Products

Denver, Colorado, United States

Perky-Pet is one of the nation's leading manufacturers of wild bird feeders. From its 200,000 square foot facility in Denver, Colorado, the company produces a complete line of wild bird feeders and accessories. The company is a leading supplier to the lawn and garden, hardware and pet industries.

Buy -
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