McCarthy Capital Acquires Duck Head Apparel
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McCarthy Capital Acquires Duck Head Apparel

duck head nfDuck Head Apparel has been acquired by Prospect Brands, a joint venture formed by McCarthy Capital and Tom Nolan.

Duck Head Apparel is a marketer of clothing under the Duck Head brand name. Products include khakis, knitwear, denim, wovens, sweaters, outerwear, t-shirts, headwear and accessories. Founded in 1865, Duck Head Apparel is one of the oldest apparel brands in the United States. The company is based in Greensboro, NC (www.duckhead.com).

“It is rare in a career to be able to lead such an iconic American brand. I am honored to help write the next chapter of Duck Head’s history by adding the brand to our existing portfolio,” said Tom Nolan, President and CEO of Prospect Brands.

The acquisition of Duck Head expands Prospect Brands portfolio which also includes Gerbing, a wearable technology company specializing in heated apparel that was acquired in December 2012 (www.gerbing.com).

McCarthy Capital invests from $10 million to $30 million in middle market companies with operating profits between $3 million and $25 million. McCarthy partners with existing management teams across a range of industries and is equally comfortable as a minority investor or majority shareholder. Since 1986, McCarthy has invested in over fifty companies, including Cabela’s, Peak 10, Guild Mortgage Company, and Vornado Air. The firm has approximately $700 million in capital under management and is based in Omaha with an additional office in Boston (www.mccarthygroup.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-7-13

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