M&A Deal Summary

Paramount Apparel International Acquires Imperial Headwear

On October 4, 2012, Paramount Apparel International acquired apparel/textiles company Imperial Headwear from Private Equity Capital and Pilgrim Capital Partners

Acquisition Highlights
  • This is Paramount Apparel International’s 2nd transaction in the Apparel/Textiles sector.
  • This is Paramount Apparel International’s 2nd transaction in the United States.
  • This is Paramount Apparel International’s 1st transaction in Missouri.

M&A Deal Summary
Date 2012-10-04
Target Imperial Headwear
Sector Apparel/Textiles
Buyer(s) Paramount Apparel International
Sellers(s) Private Equity Capital
Pilgrim Capital Partners
Deal Type Add-on Acquisition

Target

Imperial Headwear

Bourbon, Missouri, United States
Imperial Headwear, Inc. is a manufacturer of golf headwear located in Denver, Colorado, selling high-quality baseball caps, visors, bucket hats and straw hats to top “green grass” accounts and resorts.

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Buyer(S) 1

Buyer

Paramount Apparel International

Bourbon, Missouri, United States
Category Company
Founded 1929
Sector Apparel/Textiles
DESCRIPTION

Paramount Apparel International, Inc. designs, manufactures, and distributes apparel, accessories, and headwear products.

DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Oarsman Sportswear

United States

Oarsman Sportswear is a supplier of decorated apparel to the military, college and corporate markets.

Buy -

Seller(S) 2

SELLER

Private Equity Capital

Westport, Connecticut, United States
Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Private Equity Capital Corporation (PECC) is a private equity firm focused on acquiring privately owned businesses and subsidiaries or divisions of public companies. PECC pursues US-based companies with revenues between $20 and $200 million and at least $2 million of EBIT. Prospective companies generally lead their respective markets and have management willing to stay post acquisition. Sectors of interest include information technology, consumer products, financial services, business process outsourcing, healthcare, information services and publishing. PECC was formed in 1998 and is based in Westport, Connecticut.

DEAL STATS #
Overall 11 of 14
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Missouri) 1 of 1
Country (United States) 11 of 14
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Professional Pediatric Home Care

Englewood, Colorado, United States

Professional Pediatric Home Care, Inc. is a provider of home care services and therapy to medically fragile children and their families in Colorado. In addition, PPHC provides clinic and home-based pediatric therapy through its affiliate Reach Pediatric Therapy in Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of beautiful, low-maintenance residential and commercial building products, and is committed to accelerating the use of recyclable materials. The company is completely focused on leveraging our expertise in materials science and its customer-centric approach to engineer and manufacture the most beautiful, most sustainable building products to improve the lives and businesses of our customers. AZEK is based in Chicago, Illinois.

Sell -
SELLER

Pilgrim Capital Partners

Fairfield, Connecticut, United States
Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Pilgrim Capital Partners is a private equity firm that invests in change of ownership and growth equity transactions. Pilgrim looks for established, middle-market companies operating in defensible markets. Prospective companies generally have sales of $10 to $100 million and operating profits of at least $2 million. Pilgrim has a preference for East Coast and Midwest-based opportunities, however the Firm will consider investments nationwide. Pilgrim Capital Partners was formed in 2006 and is based in Fairfield, Connecticut.

DEAL STATS #
Overall 10 of 14
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Missouri) 1 of 1
Country (United States) 10 of 14
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-11 LSO

Austin, Texas, United States

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of beautiful, low-maintenance residential and commercial building products, and is committed to accelerating the use of recyclable materials. The company is completely focused on leveraging our expertise in materials science and its customer-centric approach to engineer and manufacture the most beautiful, most sustainable building products to improve the lives and businesses of our customers. AZEK is based in Chicago, Illinois.

Sell -
Mergr

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