Falfurrias Capital Partners has acquired Green Distribution, a maker and distributor of heat transfers and screen printed custom apparel.
Green Distribution provides printing, distribution, and art content management services for heat transfers and screen printing in the custom apparel sector. The company has a front-end web platform that allows its customers – currently totaling more than 4,000 – to customize their orders and allows Green Distribution to rapidly fulfill orders of heat transfers and screen printed apparel. Green Distribution was founded in 2009 and has facilities in Secaucus, NJ and Gordonsville, VA (www.greendistro.com) (www.fmexpressions.com).
Green Distribution has over 500 employees and is led by its CEO Robert Butters. Mr. Butters will continue in his role as CEO of the company and is an equity holder in the company in partnership with Falfurrias.
“Green Distribution has flourished in today’s apparel market, which values customization and quick turnaround times,” said Falfurrias Managing Partner Marc Oken. “We are pleased to partner with its creative management team to capitalize on the many growth opportunities that lay ahead.”
Falfurrias makes equity investments of at least $3 million in companies with revenues in excess of $10 million and EBITDAs in excess of $2 million. Industries of interest include financial services; consumer products; health care; building products; diversified manufacturing; business services; education, training, and information services; and infrastructure services. Falfurrias was founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America, and Marc Oken, former CFO of Bank of America. The firm is based in Charlotte, NC (www.falfurriascapital.com).
“The landscape of the apparel industry has shifted toward customized solutions for personalized apparel and promotional items, and Green Distribution has responded by investing heavily in technology and developing a unique solution for customers requiring fast turn manufacturing. With the Falfurrias partnership, our company has the opportunity to become a leader in the industry,” said Mr. Butters.
© 2016 Private Equity Professional • 8-4-16
