M&A Deal Summary

Shoes for Crews Acquires SureGrip Footwear

On December 6, 2016, Shoes for Crews acquired apparel/textiles company SureGrip Footwear from Genesco

Acquisition Highlights
  • This is Shoes for Crews’ 1st transaction in the Apparel/Textiles sector.
  • This is Shoes for Crews’ 1st transaction in the United States.
  • This is Shoes for Crews’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2016-12-06
Target SureGrip Footwear
Sector Apparel/Textiles
Buyer(s) Shoes for Crews
Sellers(s) Genesco
Deal Type Divestiture

Target

SureGrip Footwear

Nashville, Tennessee, United States
SureGrip Footwear is a provider of men’s and women’s no-slip footwear - athletic, dress, casual, work and safety shoes – for all industries including food service / restaurant, hospitality, healthcare, grocery.

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Buyer(S) 1

Buyer

Shoes for Crews

West Palm Beach, Florida, United States
Category Company
Founded 1984
Sector Apparel/Textiles
DESCRIPTION

Shoes for Crews LLC is a unique rubber compound to produce slip-resistant footwear, significantly reducing slip-and-fall accidents.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Genesco

Nashville, Tennessee, United States
Category Company
Founded 1924
Sector Retail
Employees4,200
Revenue 2.3B USD (2024)
DESCRIPTION
Entrance to Genesco's corporate headquarters in Nashville, Tennessee.
Entrance to Genesco's corporate headquarters in Nashville, Tennessee.

Genesco is a specialty retailer that sells footwear, headwear, sports apparel and accessories. Genesco's branded stores include Journeys, Schuh, and Lids Sports. The Company also designs, sources, markets and distributes footwear under its own Johnston & Murphy brand, the Trask brand, and the licensed Dockers brand. Genesco was founded in 1924 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Aldo Group - Little Burgundy Chain

Canada

Aldo Group - Little Burgundy Chain is a retail footwear chain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 The LIDS Sports Group

Indianapolis, Indiana, United States

The LIDS Sports Group is a specialty retailer of hats and caps. The LIDS Sports Group was founded in 2009 and is based in Indianapolis, Indiana.

Sell $100M
Mergr

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