M&A Deal Summary

Stern Partners Acquires Grafton Apparel

On November 20, 2023, private equity firm Stern Partners acquired apparel/textiles company Grafton Apparel

Acquisition Highlights
  • This is Stern Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Stern Partners’ 14th transaction in Canada.
  • This is Stern Partners’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2023-11-20
Target Grafton Apparel
Sector Apparel/Textiles
Buyer(s) Stern Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Grafton Apparel

Concord, Ontario, Canada
Grafton Apparel is a retailer of men's clothing that operates 127 retail stores and 3 e-commerce websites across the Tip Top, George Richards Big and Tall, and Mr. Big & Tall banners. Grafton Apparel is based in Concord, Ontario.

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Buyer(S) 1

Buyer

Stern Partners

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Stern Partners is a diversified holding and investment firm focused on opportunities in Canada and the Western US. The Firm does not have any sector preferences but has experience in manufacturing, publishing, distribution, retail, and services. Stern will consider investing in a variety of securities, including equity, convertible securities, debentures, mezzanine and other investments. Prospective transaction situations include recapitalizations, divestitures, growth capital financings, special situations, take privates, and buyouts. Stern Partners is based in Vancouver, British Columbia.

DEAL STATS #
Overall 15 of 15
Sector (Apparel/Textiles) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Ontario) 2 of 2
Country (Canada) 14 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Greenstar Plant Products

Langley, British Columbia, Canada

Greenstar Plant Products is a wholesale distributor of the garden, growing products and services, and pet supplies to commercial operators, including vineyards, landscapers, greenhouses, municipalities, nurseries, organic farms, golf courses, and retail indoor and outdoor garden centers. Greenstar Plant Products is based in Langley, British Columbia.

Sell $83M
Mergr

Product

Company

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