M&A Deal Summary

Oxford Industries Acquires Southern Tide

On April 20, 2016, Oxford Industries acquired apparel/textiles company Southern Tide from Brazos Private Equity Partners

Acquisition Highlights
  • This is Oxford Industries’ 2nd transaction in the Apparel/Textiles sector.
  • This is Oxford Industries’ 3rd transaction in the United States.
  • This is Oxford Industries’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2016-04-20
Target Southern Tide
Sector Apparel/Textiles
Buyer(s) Oxford Industries
Sellers(s) Brazos Private Equity Partners
Deal Type Add-on Acquisition

Target

Southern Tide

Greenville, South Carolina, United States
Southern Tide LLC is a manufacturer and seller of clothing, footwear, and accessories for men, women, and children. Southern Tide has experienced rapid consumer and specialty retailer acceptance and enthusiasm for the product and the brand. Over the past eight years, the Company has evolved into an entire apparel collection built on the same high standards as the first benchmark product the iconic men’s Skipjack Polo.

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Buyer(S) 1

Buyer

Oxford Industries

Atlanta, Georgia, United States

Category Company
Founded 1942
Sector Apparel/Textiles
Employees6,000
Revenue 1.6B USD (2024)
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 STATS #
Overall 3 of 5
Sector (Apparel/Textiles) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (South Carolina) 1 of 1
Country (United States) 3 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Oxford Industries - Ben Sherman

United States

Oxford Industries - Ben Sherman is a provider of apparel products.

Sell -
FOLLOWING 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 -

Seller(S) 1

SELLER

Brazos Private Equity Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brazos Private Equity Partners is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. Brazos looks to invest up to $100 million in companies with annual revenues between $25 and $250 million. Brazos primarily invests in consumer and business services, consumer products, restaurants and specialty retail, distribution, healthcare services, financial services, insurance, and manufacturing. Brazos targets opportunities located throughout the United States, with a particular emphasis on Texas and the Southwest US. Brazos was formed in 1999 and is based in Dallas, Texas.


DEAL STATS #
Overall 21 of 25
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (South Carolina) 1 of 1
Country (United States) 21 of 25
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Vision Source

Kingwood, Texas, United States

Vision Source is an independent optometric franchising organization in North America, with a network of over 2,300 franchises across all 50 U.S. states and Canada, comprising more than 4,500 optometrists. The company offers its members attractive purchasing power, professional and staff development, and practice management assistance while allowing optometrists to maintain independence. Vision Source is led by an experienced management team that has grown revenue and earnings every year since beginning operations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Ennis-Flint

Greensboro, North Carolina, United States

Ennis-Flint, Inc. provides reliable and longest-lasting pavement marking and traffic safety solutions around the world. The company helps make roads, airports, and pedestrian areas safer for everyone by allocating considerable resources. Ennis-Flint was founded in 2012 and is based in Greensboro, North Carolina.

Sell -