Platinum Equity-backed Mad Engine to merge with Fifth Sun.

Platinum Equity-backed Mad Engine, a wholesaler of licensed, branded and private label apparel and accessories, agreed to merge with Fifth Sun, a designer, distributor, and technology-driven innovator of print-on-demand manufacturing and supply chain systems for a wide range of licensed, generic, and private label graphic apparel. Financial terms were not disclosed. "As the eCommerce channel for apparel and accessories continues to grow, demand for digital solutions like direct-to-garment and print-on-demand is accelerating. Bringing these two companies together will not only better meet the changing needs of licensors and customers, it will also help both businesses diversify and capture opportunities in this substantial emerging market," Jacob Kotzubei, Platinum Equity Partner.