ACON Investments-backed New Era completed the acquisition of '47.

ACON Investments-backed New Era, a global lifestyle brand, completed the acquisition of '47, a premium sports lifestyle brand. Financial terms were not disclosed. "This transaction is an important milestone in the history of both brands as we continue the next chapter of our growth as a premier global sport and lifestyle company. We look forward to leveraging the complementary talent of our combined teams to continue strengthening our customer relationships and licensing partnerships, enhancing our premier products and delivering premium experiences to fans and consumers around the globe," Christopher H. Koch, New Era CEO.