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M&A Deal Summary

Resilience Capital Partners Acquires Affinity

On December 1, 2013, private equity firm Resilience Capital Partners acquired apparel/textiles company Affinity from G&K Services

Acquisition Highlights
  • This is Resilience Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Resilience Capital Partners’ 22nd transaction in the United States.
  • This is Resilience Capital Partners’ 3rd transaction in Indiana.
Investment Fate
  • Affinity was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2013-12-01
Target Affinity
Sector Apparel/Textiles
Buyer(s) Resilience Capital Partners
Sellers(s) G&K Services
Deal Type Divestiture

Target

Affinity

Jeffersonville, Indiana, United States
Affinity specializes in selling and distributing of occupational apparel and services, including the design, marketing, and distribution of customized and off-the-shelf apparel collections to customers through managed direct purchase uniform programs. Affinity was established in 1898 and is based in Jeffersonville, Indiana.

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Buyer(S) 1

Buyer

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.

DEAL STATS #
Overall 22 of 41
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 6 of 8
State: Indiana M&A 3 of 3
Country: United States M&A 22 of 40
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-27 CableNet Services Unlimited

Boothwyn, Pennsylvania, United States

CableNet Services Unlimited LLC is a provider of cable communication services. CableNet Services was founded in 2002 and is based in Boothwyn, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Thermal Product Solutions

New Columbia, Pennsylvania, United States

Thermal Product Solutions is a designer and manufacturer of industrial and laboratory ovens and furnaces, and environmental temperature cycling and stability test chambers. Thermal Product Solutions was founded in 2005 and is based in New Columbia, Pennsylvania.

Buy $43M

Seller(S) 1

SELLER

G&K Services

Minnetonka, Minnesota, United States
Category Company
Founded 1902
Sector Business Services
Employees8,000
Revenue 937M USD (2015)
DESCRIPTION
G&K Services location in Duluth, Minnesota.
G&K Services location in Duluth, Minnesota.

G&K Services is a service-focused provider of branded uniform and facility services programs in the United States and Canada. G&K was formed in 1902 and is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Apparel/Textiles M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Best Uniform Rental

Westville, New Jersey, United States

Best Uniform Rental, Inc. is a uniform and facility services company.

Buy -
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