M&A Deal Summary

Lion Equity Partners Acquires Riegel Linen

On October 31, 2019, private equity firm Lion Equity Partners acquired apparel/textiles company Riegel Linen from Mount Vernon Mills

Acquisition Highlights
  • This is Lion Equity Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Lion Equity Partners’ 7th transaction in the United States.
  • This is Lion Equity Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2019-10-31
Target Riegel Linen
Sector Apparel/Textiles
Buyer(s) Lion Equity Partners
Sellers(s) Mount Vernon Mills
Deal Type Divestiture

Target

Riegel Linen

Miami, Florida, United States
1Concier is an importer, manufacturer, and supplier of tablecloths, napkins, sheets, towels, bedding, and other linens for hotels, restaurants, linen suppliers, retailers, and healthcare customers. 1Concier was founded in 1838 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

Lion Equity Partners

Denver, Colorado, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Lion Equity Partners is a private investment firm focused on acquiring small to middle market businesses valued up to $50 million. Lion targets businesses that possess market leadership, established products/services, scalable infrastructure, long-term customer relationships, motivated employees, and growth opportunities. Lion will consider opportunities across the US and Canada. Sectors of interest include business services, manufacturing, software, telecommunications, distribution, healthcare and transportation. Lion Equity Partners was founded in 2007 and has offices in Denver, Colorado and Chicago, Illinois.

DEAL STATS #
Overall 7 of 10
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 6 of 9
State (Florida) 1 of 2
Country (United States) 7 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 NewPoint Media Group

Bee Cave, Texas, United States

NewPoint Media Group is a media solutions company that includes both print and digital distribution to create integrated advertising and marketing services that amplify overall effectiveness and results. NewPoint is both a publisher of its own titles, as well as a printer of third-party publications. NewPoint is based in Bee Cave, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 T-Y Group

Miami, Florida, United States

T-Y Group distributes quality linens, terry, amenities, case goods, and apparel to world-class businesses in the global hospitality and healthcare industries. T-Y Group was founded in 1991 and is based in Miami, Florida.

Buy -

Seller(S) 1

SELLER

Mount Vernon Mills

Mauldin, South Carolina, United States
Category Company
Founded 1847
Sector Apparel/Textiles
DESCRIPTION

Mount Vernon Mills, Inc. is a diversified and integrated manufacturer of textile, chemical, and related products for the apparel, industrial, institutional, and commercial markets. Products include denim, piece dyed and flame resistant fabrics for apparel, pocketing, table linens and other hospitality products, textile sizing and finishing chemicals, paint roller fabrics, and automotive fabrics. Mount Vernon Mills was founded in 1847 is based in Mauldin, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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