Affinity Specialty Apparel, a portfolio company of Resilience Capital Partners, has acquired Riverside Manufacturing Company, a manufacturer, seller and distributor of flame-resistant clothing. Riverside is Resilience Capital Partners’ first add-on acquisition by its Affinity Specialty Apparel investment platform, which it acquired in December 2013.
Riverside Manufacturing is a manufacturer, seller and distributor of flame-resistant clothing, work wear, and casual apparel. Riverside has numerous Fortune 500 companies as customers. The company was founded in 1911 and is based north of Tallahassee, FL in Moultrie, GA (www.riversideuniforms.com).
“Riverside is an excellent complement to Affinity resulting in an even larger blue-chip customer base and diverse product offering across a wide variety of industries including transportation, retail petroleum, hospitality, industrial, beverage distribution, electrical and gas utilities,” said Bassem Mansour, Co-CEO of Resilience Capital Partners. “Resilience remains committed to continuing to invest capital to support the Affinity team and this platform.”
Affinity Specialty Apparel specializes in the selling and distributing of occupational apparel and services, including the design, marketing and distribution of customized and off-the-shelf apparel collections to customers through managed direct purchase uniform programs. The company is headquartered in Dayton (www.affinityapparel.com).
“Acquiring Riverside, with its tremendous position in the protective apparel marketplace, strengthens our competitive position in the direct sale uniform business and takes us one step closer to our long term objective of creating an industry leader in the sector,” said Michael DiMino, CEO of Affinity Apparel.
Resilience Capital Partners specializes in investing in middle market companies with $25 million to $250 million in revenues across a range of industries. The firm’s investment strategy is to acquire companies in a variety of special situations including underperformers, corporate divestitures, turnarounds, and orphan public companies. Since its inception in 2001, Resilience has acquired 41 companies under 23 platforms with over $2 billion in revenues. The firm is based in Cleveland (www.resiliencecapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 9-30-14