M&A Deal Summary

Riverside Acquires Elite Sportswear

On March 1, 2015, private equity firm Riverside acquired apparel/textiles company Elite Sportswear

Acquisition Highlights
  • This is Riverside’s 3rd transaction in the Apparel/Textiles sector.
  • This is Riverside’s 136th transaction in the United States.
  • This is Riverside’s 5th transaction in Pennsylvania.

M&A Deal Summary

Date 2015-03-01
Target Elite Sportswear
Sector Apparel/Textiles
Buyer(s) Riverside
Deal Type Buyout (LBO, MBO, MBI)

Target

Elite Sportswear

Reading, Pennsylvania, United States
Elite Sportswear is a producer of gymnastics and cheerleading apparel. Distributed in over 35 countries, Elite specializes in low-run, high performance branded apparel that meets exacting needs from top athletes. Its GK branded products have been consistently worn by Olympians, World Champions, and enthusiast amateurs for over 30 years. Elite Sportswear was founded in 1981 and is based in Reading, Pennsylvania.

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Buyer(S) 1

Buyer

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 193 of 295
Sector: Apparel/Textiles M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 133 of 147
State: Pennsylvania M&A 5 of 7
Country: United States M&A 136 of 203
Year: 2015 M&A 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Pro-Vigil

San Antonio, Texas, United States

Pro-Vigil is a provider of remote video surveillance and monitoring services for large outdoor properties. The company serves a variety of customers, including automotive dealerships, constructions sites, utilities, and oil and gas companies, among others. Pro-Vigil’s service is a cost-effective alternative to on-site security. The company combines state-of-the-art equipment with real-time human monitoring. When a monitor sees suspicious activity, they can alert authorities quickly, protecting customers who often have large properties with valuable assets that require monitoring. Pro-Vigil was founded in 2006 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 IFS Group

Birmingham, Michigan, United States

IFS Group is a holding company that provides non-discretionary industrial and field services supporting power generation and process industries.

Buy -