M&A Deal Summary

Tux Wholesale Services Acquires Menguin

On September 19, 2017, Tux Wholesale Services acquired internet software and services company Menguin for 25M USD

Acquisition Highlights
  • This is Tux Wholesale Services’ 1st transaction in the Internet Software and Services sector.
  • This is Tux Wholesale Services’ largest (disclosed) transaction.
  • This is Tux Wholesale Services’ 1st transaction in the United States.
  • This is Tux Wholesale Services’ 1st transaction in Arizona.

M&A Deal Summary

Date 2017-09-19
Target Menguin
Sector Internet Software and Services
Buyer(s) Tux Wholesale Services
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Menguin

Fayetteville, Arizona, United States
Menguin is an online suit and tuxedo rental company that combines innovative technology with designer brand garments and superior customer service to create a remarkable rental experience. The highly rated customer service retailer offers 14 unique styles to choose from, six national distribution centers and over 300,000 suits and tuxedos available for rent with thousands of accessory and color options. Menguin was founded in 2013 and is based in Fayetteville, Arizona.

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Buyer(S) 1

Buyer
DESCRIPTION

Tux Wholesale Services LLC (Generation Tux) is an online tuxedo and suit rental platform founded by menswear legend, George Zimmer. Zimmer created the company in 2014 to provide high-quality tuxedo and suit rentals at competitive pricing and in the most convenient way possible—shipped directly to your door.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1