M&A Deal Summary

IQ Brands Acquires Wheel House Designs

On October 15, 2018, IQ Brands acquired apparel/textiles company Wheel House Designs

Acquisition Highlights
  • This is IQ Brands’ 2nd transaction in the Apparel/Textiles sector.
  • This is IQ Brands’ 2nd transaction in the United States.
  • This is IQ Brands’ 1st transaction in Vermont.

M&A Deal Summary

Date 2018-10-15
Target Wheel House Designs
Sector Apparel/Textiles
Buyer(s) IQ Brands
Deal Type Add-on Acquisition

Target

Wheel House Designs

Morrisville, Vermont, United States
Wheel House Designs is a producer of novelty socks to specialty stores and boutiques throughout North America. Wheel House Designs is based in Morrisville, Vermont.

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Buyer(S) 1

Buyer

IQ Brands

Advance, North Carolina, United States

Category Company
Founded 1999
Sector Apparel/Textiles
DESCRIPTION

IQ Brands is a designer and distributor of fashion casual and athletic socks. IQ Brands industry-renowned in-house design team captures the latest trends in the colored and patterned sock category and sells private label, licensed, and branded merchandise to specialty footwear retailers, sporting goods stores, department stores, and discount retailers. IQ Brands was founded in 1999 and is based in Advance, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Apparel/Textiles M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Vermont M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Twin City Knitting Co.

Conover, North Carolina, United States

Twin City Knitting Co. is a designer, manufacturer and wholesaler of performance athletic socks, predominantly serving the team sports market with products such as customized team socks. The majority of the company's products are manufactured in the United States.

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