M&A Deal Summary

Milliken & Company Acquires Polartec

On June 11, 2019, Milliken & Company acquired apparel/textiles company Polartec from Versa Capital Management

Acquisition Highlights
  • This is Milliken & Company’s 3rd transaction in the Apparel/Textiles sector.
  • This is Milliken & Company’s 7th transaction in the United States.
  • This is Milliken & Company’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2019-06-11
Target Polartec
Sector Apparel/Textiles
Buyer(s) Milliken & Company
Sellers(s) Versa Capital Management
Deal Type Add-on Acquisition
Advisor(s) Sullivan & Cromwell (Legal)

Target

Polartec

Lawrence, Massachusetts, United States
Polartec is a developer, manufacturer, and marketer of Polartec performance fabrics. Polartec products range from lightweight wicking base layers to insulation to extreme weather protection. Polartec was founded in 1906 and is based in Lawrence, Massachusetts.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Milliken & Company

Spartanburg, South Carolina, United States
Category Company
Founded 1865
Sector Healthcare Services
DESCRIPTION

Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives.

DEAL STATS #
Overall 7 of 10
Sector (Apparel/Textiles) 3 of 3
Type (Add-on Acquisition) 7 of 9
State (Massachusetts) 2 of 2
Country (United States) 7 of 9
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Andover Healthcare

Salisbury, Massachusetts, United States

Andover Healthcare, Inc. is a manufacturer of cohesive bandages and compression systems spanning healthcare, animal health, and sports medicine markets. Andover Healthcare medical tape, cohesive and wound bandages fill a gap in the healthcare, animal health and sports medicine industries. Andover Healthcare, Inc. was founded in 1976 and is based in Salisbury, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Borchers Group

Westlake, Ohio, United States

Borchers Group Ltd. is a provider of coating additive products support progress in colorants, coatings and coating systems - from the production stage through to applications we provide a complete systems approach. Borchers Group was established in 1940 and is based in Westlake, Ohio.

Buy -

Seller(S) 1

SELLER

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 19 of 25
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (Massachusetts) 1 of 1
Country (United States) 19 of 24
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Alex Evenings

New York, New York, United States

Alex Evenings designs, sources and distributes branded ladies eveningwear dresses and separates to the moderate to upper-moderate segments of the women’s apparel industry. Alex Evenings was founded in 1989 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Avenue Stores

Ridgewood, New Jersey, United States

Avenue Stores is a retailer of women’s fashion apparel for plus-size clothing. Avenue Stores was formed in 1987 and is headquartered in Ridgewood, New Jersey.

Sell -
Mergr

Product

Company

Legal