Announced
Completed
Financials
Sources
Tags
Acquisition
Friendly
Private
Private Equity
United States
military footwear
Majority
Single Bidder
Completed
Footwear
Domestic
Synopsis
Brand Velocity Partners, Invision Capital and BPEA, private equity firms focused on acquiring lower-middle market consumer businesses, and Pinnacle Financial Partners, a regional bank, completed the acquisition of Original Footwear, a provider of military and law enforcement footwear. Financial terms were not disclosed. “There is a yawning gap in the marketplace for a PE firm to do more than financial engineering – great consumer companies are not built through spreadsheets, but rather through excellent products and superior marketing. My partners and I bring together the perfect blend of capital, investment acumen, and brand marketing expertise. We will be bringing the full weight of our capabilities to the fore with Original Footwear as well as other acquisitions that fit into our firm’s profile,” Steve Lebowitz, BVP Managing Partner.
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