Secondary Buyout • Apparel/Textiles

Renco Group Acquires Renfro Brands

On June 9, 2021, family office Renco Group acquired apparel/textiles company Renfro Brands from Kelso

Acquisition Context
  • This is Renco Group’s 1st transaction in the Apparel/Textiles sector.
  • This is Renco Group’s 7th transaction in the United States.
  • This is Renco Group’s 1st transaction in North Carolina.

Explore All 155 Secondary Buyout Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date June 9, 2021
Target Renfro Brands
Sector Apparel/Textiles
Buyer(s) Renco Group
Sellers(s) Kelso
Deal Type Secondary Buyout

Target Company

Renfro Brands

Mount Airy, North Carolina, United States
Renfro Brands is a global manufacturer, designer, distributor, and marketer of legwear products. The Company provides a full line of branded and private label legwear products and is the licensee for leading brands such as Fruit of the Loom, Dr. Scholl’s, Polo/Ralph Lauren, Chaps, Carhartt, Russell, New Balance, Keds, Sperry, Vera Bradley, and Merrell. We also design, manufacture, market, and distribute our owned brands including K. Bell, Copper Sole, and Hot Sox. Renfro Brands was founded in 1921 and is based in Mount Airy, North Carolina.
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

Renco Group

New York, New York, United States

Category Family Office
Founded 1975
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Renco Group, Inc. is a family owned, private holding company that makes long term investments in companies across a range of industries. Sectors of interest include mining, mineral recovery, metals fabrication, defense, and automotive supply. Renco was formed in 1975 and is based in New York City.


Deal Context for Buyer #
Overall 7 of 7
Sector: Apparel/Textiles 1 of 1
Type: Secondary Buyout 1 of 1
State: North Carolina 1 of 1
Country: United States 7 of 7
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 AM General

South Bend, Indiana, United States

AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers and has more than six decades of experience meeting the changing needs of the defense and automotive industries. AM General is the original designer and manufacturer of the famous military HMMWV (Humvee®) and HUMMER® H1 vehicles, and commercial contract assembler of the H2, MV-1 and Ford Transit Connect Electric vehicles. AM General is based in South Bend, Indiana.

Sell -

Seller Profile 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 Context for Seller #
Overall 46 of 54
Sector: Apparel/Textiles 1 of 2
Type: Secondary Buyout 12 of 12
State: North Carolina 1 of 1
Country: United States 40 of 47
Year: 2021 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Inmark

Austell, Georgia, United States

Inmark is a general, life sciences, and hazardous goods/biomedical compliant packaging products and associated services company. Inmark was founded in 1975 and is based in Austell, Georgia.

Sell -