M&A Deal Summary

Shiekh Shoes Acquires Karmaloop

On March 21, 2016, Shiekh Shoes acquired e-commerce company Karmaloop from Comvest Partners and Accord Equipment Finance

Acquisition Highlights
  • This is Shiekh Shoes’ 1st transaction in the E-Commerce sector.
  • This is Shiekh Shoes’ 1st transaction in the United States.
  • This is Shiekh Shoes’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2016-03-21
Target Karmaloop
Sector E-Commerce
Buyer(s) Shiekh Shoes
Sellers(s) Comvest Partners
Accord Equipment Finance
Deal Type Add-on Acquisition

Target

Karmaloop

Boston, Massachusetts, United States
Karmaloop, Inc. is an eCommerce business that sells urban fashion and streetwear, including apparel, shoes and accessories.

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Buyer(S) 1

Buyer

Shiekh Shoes

Ontario, California, United States

Category Company
Founded 1991
Sector Retail
DESCRIPTION

Shiekh Shoes, Inc. is a sneaker retailer that operates 136 stores in the U.S.


DEAL STATS #
Overall 1 of 1
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 2

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 22 of 40
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 11 of 22
State (Massachusetts) 1 of 2
Country (United States) 22 of 40
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 D&S Community Services

Austin, Texas, United States

D&S Community Services emphasizes exceptional quality services and innovation and offers a broad array of home and community-based services specially designed to help individuals with I/DD realize a life of independence and self-determination. D&S Community Services was founded in 1991 and headquartered in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 United States Pipe and Foundry

Birmingham, Alabama, United States

United States Pipe and Foundry Co., LLC is a manufacturer of ductile iron pipe products, fittings and joint restraints used in drinking water and wastewater systems. U.S. Pipe operates 20 manufacturing and fabrication facilities throughout the United States and Mexico. U.S. Pipe has a comprehensive product portfolio supported by strong brand recognition among customers through product innovation and a reputation for quality and service.

Sell -
SELLER
DESCRIPTION

Accord Equipment Finance is a provider of financing solutions to middle-market North America-based companies. Sectors of interest include aerospace, consumer products, energy, food/beverage, healthcare, manufacturing, technology, and transportation. The Firm looks to provide $1 to $5 million of capital to support businesses with at least $5 million of annual revenue. In 2017, CapX merged with the Accord Financial Corp. family to form Accord Equipment Finance (AEF). Accord Equipment Finance is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 2-20 Records Management

Carlstadt, New Jersey, United States

2-20 Records Management is a provider of records and information management services throughout the United States. 2-20 Records Management is based in Carlstadt, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 2-20 Records Management

Carlstadt, New Jersey, United States

2-20 Records Management is a provider of records and information management services throughout the United States. 2-20 Records Management is based in Carlstadt, New Jersey.

Sell -