Add-on Acquisition • Apparel/Textiles

Oxford Industries Acquires Johnny Was

On September 19, 2022, Oxford Industries acquired apparel/textiles company Johnny Was from Endeavour Capital for 270M USD

Acquisition Context
  • This is Oxford Industries’ 3rd transaction in the Apparel/Textiles sector.
  • This is Oxford Industries’ largest (disclosed) transaction.
  • This is Oxford Industries’ 5th transaction in the United States.
  • This is Oxford Industries’ 1st transaction in California.

Explore All 755 Add-on Acquisition Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date September 19, 2022
Target Johnny Was
Sector Apparel/Textiles
Buyer(s) Oxford Industries
Sellers(s) Endeavour Capital
Deal Type Add-on Acquisition
Deal Value 270M USD
Advisor(s) Financo (Financial)
Buchalter (Legal)

Target Company

Johnny Was

Los Angeles, California, United States
Johnny Was designs, markets, and sells “boho chic,” “vintage-inspired” women’s apparel and accessories in the U.S. and internationally through wholesale, retail, and e-commerce channels. Johnny Was was founded in 1987 and is based in Los Angeles, California.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

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

Search Free

Buyer Overview 1

Buyer

Oxford Industries

Atlanta, Georgia, United States

Category Company
Founded 1942
Sector Apparel/Textiles
Employees6,000
Revenue 1.5B USD (2025)
DESCRIPTION

Oxford Industries is an apparel design, sourcing and marketing company featuring a diverse portfolio of owned and licensed brands and a collection of private label apparel businesses. Oxford's brands include Tommy Bahama, Ben Sherman, Lilly Pulitzer, Oxford Golf, Arnold Brant and Billy London. Oxford Industries was founded in 1942 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 5 of 6
Sector: Apparel/Textiles 3 of 3
Type: Add-on Acquisition 5 of 6
State: California 1 of 1
Country: United States 5 of 6
Year: 2022 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Strong Suit Clothing

Little Rock, Arkansas, United States

Strong Suit Clothing is a men's apparel company, that designs and makes clothing for men that include suits, blazers, vests, tuxedos, trousers, shirts and ties. Strong Suit Clothing was founded in 2014 and is based in Little Rock, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Jack Rogers

New York, New York, United States

Jack Rogers is an iconic American designer and manufacturer of high quality handmade women’s sandals first made fashionable by Jacqueline Kennedy Onassis. Jack Rogers was founded in 1960 and is based in New York, New York.

Buy -

Seller Profile 1

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


Deal Context for Seller #
Overall 29 of 36
Sector: Apparel/Textiles 1 of 1
Type: Add-on Acquisition 13 of 16
State: California 7 of 9
Country: United States 29 of 35
Year: 2022 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Portland Bolt & Manufacturing

Portland, Oregon, United States

Portland Bolt & Manufacturing is a manufacturer of non-standard, custom fasteners and bolts. Portland Bolt operates out of a 94,000 square foot Portland facility and ships its products to a global customer base. The company services a diverse group of end markets, including government & infrastructure, non-residential construction, general industrial, steel fabrication and more. Portland Bolt & Manufacturing was founded in 1912 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Crefact

Japan

Crefact is a manufacturer of automotive exhaust systems, fuel tanks and other automotive body parts. Crefact has advanced manufacturing capabilities to meet stringent demands from the market on the purification of exhaust gases and noise reductions, as well as requirements from leading Japanese automotive OEMs. Crefact was founded in 1967 and is based in Japan.

Sell -