M&A Deal Summary

Superior Group of Companies Acquires CID Resources

On May 3, 2018, Superior Group of Companies acquired apparel/textiles company CID Resources from Prophet Equity for 88M USD

Acquisition Highlights
  • This is Superior Group of Companies’ 2nd transaction in the Apparel/Textiles sector.
  • This is Superior Group of Companies’ largest (disclosed) transaction.
  • This is Superior Group of Companies’ 3rd transaction in the United States.
  • This is Superior Group of Companies’ 2nd transaction in Texas.

M&A Deal Summary

Date 2018-05-03
Target CID Resources
Sector Apparel/Textiles
Buyer(s) Superior Group of Companies
Sellers(s) Prophet Equity
Deal Type Add-on Acquisition
Deal Value 88M USD

Target

CID Resources

Dallas, Texas, United States
CID Resources, Inc. is a provider of branded medical uniforms. CID has built its WonderWink brand into one of the leading retail scrub brands. WonderWink and its sub-brands, WonderWink Origins, WonderWink Layers, WonderWink Four-Stretch, WonderFLEX, WonderWORK, WonderWink HP, WonderWink NEXT, WonderTECH and W123, represent a diverse and innovative retail offering, providing style, fit, and features for every medical professional.

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Buyer(S) 1

Buyer

Superior Group of Companies

Seminole, Florida, United States

Category Company
Founded 1920
Sector Apparel/Textiles
Employees6,800
Revenue 543M USD (2023)
DESCRIPTION

Superior Group of Companies is a designer, manufacturer and markets employee uniforms, image apparel, scrubs and patient apparel. Superior Group of Companies was founded in 1920 and is based in Seminole, Florida.


DEAL STATS #
Overall 3 of 3
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Texas) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 BAMKO

Los Angeles, California, United States

BAMKO, Inc. is a full-service merchandise sourcing and promotional products company provides a wide range of supply chain solutions, including world-class design, sourcing, production, product development, quality control, testing, logistics, and delivery of goods for clients across the globe.

Buy $16M

Seller(S) 1

SELLER

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.


DEAL STATS #
Overall 3 of 8
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 3
Country (United States) 3 of 8
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-12 Acton Mobile Industries

Baltimore, Maryland, United States

Acton Mobile Industries is a provider of modular space rental services. Acton maintains a fleet of over 10,000 modular units through 17 branches in 11 states. Acton provides leasing and related ancillary services such as site preparation, delivery, installation and maintenance.

Sell $235M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Hills Machinery

Columbia, South Carolina, United States

Hills Machinery is a heavy equipment specialist serving a broad range of construction and recycling end-markets with an extremely flexible mix of parts, service, rentals, and sales. Hills has 7 locations that serve North and South Carolina as well as parts of Georgia, Tennessee, and Virginia with excellent OEM partnerships that include CASE Construction, Terex Trucks, Edge Innovate, Rubble master, Eagle Crushers, Mauldin, and Ecoverse. Hills Machinery is based in Columbia, South Carolina.

Buy -