M&A Deal Summary

Vetta Acquires J.America

On March 29, 2016, Vetta acquired distribution company J.America from The Gladstone Companies

Acquisition Highlights
  • This is Vetta’s 1st transaction in the Distribution sector.
  • This is Vetta’s 1st transaction in the United States.
  • This is Vetta’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-03-29
Target J.America
Sector Distribution
Buyer(s) Vetta
Sellers(s) The Gladstone Companies
Deal Type Add-on Acquisition

Target

J.America

Fowlerville, Michigan, United States
J.America, Inc. is a provider of licensed decorated and undecorated apparel and headwear, which is sold to distribution channels, including specialty college and resort retailers, military exchanges, mid-tier and mass retailers, sporting goods stores, farm & fleet retailers, and through wholesale distributors and decorators that service the imprinted sportswear market across the country. J.America was founded in 1992 and is based in Fowlerville, Michigan.

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Buyer(S) 1

Buyer

Vetta

Columbus, Ohio, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

Vetta is a designer and marketer of decorated and blank apparel and headwear to every major apparel retail and wholesale distribution channel. The Company provides blank and licensed products, including a number of collegiate brands, and offers over 60,000 SKUs consisting of a wide range of styles, colors, and sizes across apparel and headwear. Vetta is based in Columbus, Ohio.


DEAL STATS #
Overall 1 of 2
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Top of the World

Norman, Oklahoma, United States

Top of the World LLC is a designer and distributes fitted and adjustable caps, knit headwear, visors and other accessories that are embellished with licensed collegiate logos to every major tier of retail distribution across the United States. Top of the World was founded in 1986 and is based in Norman, Oklahoma.

Buy -

Seller(S) 1

SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor


Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.


DEAL STATS #
Overall 3 of 18
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 8
State: Michigan M&A 1 of 1
Country: United States M&A 3 of 18
Year: 2016 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Nth Degree

Duluth, Georgia, United States

Nth Degree is a provider of exhibit management and event services. The company provides specialized installation and dismantle services for trade shows and also serves as an experiential marketing and management agency. Nth Degree was founded in 1979 and is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 ACME

Allentown, Pennsylvania, United States

ACME is a manufacturer of vacuum insulated pipe used in the transmission of gasses that have been liquefied, repairs cryogenic storage tanks, and repairs and manufactures tank trailers used in transporting liquid nitrogen, oxygen, and helium, etc. ACME was established in 1969 and is based in Allentown, Pennsylvania.

Sell -