M&A Deal Summary

Momentec Brands Acquires ASB

On March 29, 2024, Momentec Brands acquired apparel/textiles company ASB from Kelso

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

M&A Deal Summary

Date 2024-03-29
Target ASB
Sector Apparel/Textiles
Buyer(s) Momentec Brands
Sellers(s) Kelso
Deal Type Merger

Target

ASB

Grovetown, Georgia, United States
ASB is a designer, manufacturer, and distributor of athletic-oriented apparel, team uniforms, sportswear and related accessories. ASB was founded in 1977 and is based in Grovetown, Georgia.

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Buyer(S) 1

Buyer

Momentec Brands

Charlotte, North Carolina, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

Momentec Brands is a designer, manufacturer, and marketer of customizable high-performance uniforms, training apparel, and fanwear for teams, coaches, athletes, and fans. Momentec Brands is based in Charlotte, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Apparel/Textiles M&A 2 of 2
Type: Merger M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-29 Founder Sport Group

Statesville, North Carolina, United States

Founder Sport Group is a provider of team uniforms and performance athletic wear, including performance t-shirts, fleeces, shorts, pants and outerwear, worn by youth and adult athletes, team fans and supporters, and corporate employees, among other individuals. Founder Sport Group was founded in 1971 and is based in Statesville, North Carolina.

Buy -

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 53 of 54
Sector: Apparel/Textiles M&A 2 of 2
Type: Merger M&A Deals 6 of 6
State: Georgia M&A 7 of 7
Country: United States M&A 46 of 47
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-01 Emtec

Jacksonville, Florida, United States

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 Accession Risk Management Group

Sacramento, California, United States

Accession Risk Management Group is a provider of specialty insurance and risk management services. Accession Risk Management Group is based in Sacramento, California.

Sell $9.8B