Trilantic Capital Partners Acquires Implus
New York – November 1, 2011 – Trilantic Capital Partners, a global private equity firm, today announced that it has partnered with management to acquire Implus Corporation, an innovative leader in the footwear, outdoor and fitness accessories markets.
Led by an experienced senior management team, Implus designs, markets and distributes branded consumer accessories, including insoles, shoe care products, socks, sports monitors, seasonal items and fitness products. The company supplies its products to specialty retailers and mass market chains in 70 countries across the US, Europe and Asia.
In the transaction, Trilantic will partner with founding family member and CEO Seth Richards and President Todd Vore to provide capital to allow the company to execute on its key growth initiatives.
“Trilantic is a partner who will help us expand across business lines and in new markets, both in the US and overseas, where we see tremendous opportunity,” said Seth Richards, CEO of Implus. “Trilantic has proven to be a successful partner in helping the management teams of middle-market businesses grow organically and through acquisitions. We look forward to a successful partnership.”
Added Charlie Moore, partner at Trilantic Capital Partners: “Implus has a strong competitive position with a proven track record of growth through innovation, customer expansion and strategic acquisition. Our partnership with Implus builds on our existing portfolio of consumer companies and highlights our commitment to supporting talented entrepreneurs to grow their businesses. We are thrilled to be working with this outstanding team.”
Financial terms of the transaction were not disclosed.
About Trilantic Capital Partners
Trilantic Capital Partners is a private equity firm focused on control and significant minority investments in North America and Europe, with primary investment focus in consumer, energy, transport, financial services, business services and healthcare. Trilantic Capital Partners was formed in 2009 by the former principals of Lehman Brothers Merchant Banking (“LBMB”), where they established LBMB, and now Trilantic, as a partner of choice for management teams, entrepreneurs and family-owned companies. Trilantic currently manages two institutional private equity funds with an aggregate capital commitment of $3.8 billion. For more information, visit www.trilanticpartners.com
About Implus Corporation
Implus is an innovative leader in the footwear, outdoor and fitness accessories markets with state of the art logistics, merchandising and marketing capabilities. The company’s brands include: Sof Sole (insoles/socks/shoe care), Sof Comfort (insoles), Airplus (insoles), Apara (insoles/socks), Yaktrax (socks/traction devices), Sneaker Balls (shoe care), Highgear (electronics), Little Hotties (warmers) and Perfect (fitness accessories). For more information visit www.implus.com.
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