M&A Deal Summary

Strait Lane Capital Partners Acquires PepWear

On May 16, 2023, private equity firm Strait Lane Capital Partners acquired business services company PepWear

Acquisition Highlights
  • This is Strait Lane Capital Partners’ 1st transaction in the Business Services sector.
  • This is Strait Lane Capital Partners’ 10th transaction in the United States.
  • This is Strait Lane Capital Partners’ 4th transaction in Texas.

M&A Deal Summary

Date 2023-05-16
Target PepWear
Sector Business Services
Buyer(s) Strait Lane Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

PepWear

Cedar Hill, Texas, United States
PepWear is an omnichannel merchandising experience through licenses with premier state and national-level youth activity organizations. PepWear was formed in 1987 and is headquartered in Cedar Hill, Texas.

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Buyer(S) 1

DESCRIPTION

Strait Lane Capital Partners is a private investment firm focused on acquiring entrepreneur or family-owned companies as well as corporate divestitures. The Firm is operationally oriented and generally pursues US-based, profitable companies with at least $2 million of EBITDA. Areas of interest include manufacturing, business, and technology. Strait Lane Capital Partners was formed in 2009 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 10 of 10
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
State: Texas M&A 4 of 4
Country: United States M&A 10 of 10
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 TTI Sports

Falmouth, Maine, United States

TTI Sports operates state-of-the-art manufacturing facilities strategically located in Thailand. The Company is a provider of premium felt for the global tennis industry. Its specialized felt is highly engineered to work in concert with the Company’s client’s internal cores for every type of tennis surface and include woven, needled, and acrylic products. TTI Sports was formed in 2021 and is headquartered in Falmouth, Maine.

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