Aiglon Finds the Right Fit at Propét
Search
Share on twitter
Share on linkedin
Share on print
Share on email

Aiglon Finds the Right Fit at Propét

Propét specializes in shoes for hard-to-fit feet across a range of sizes and widths

SOURCE: Propét Footwear

Aiglon Capital and Merit Capital Partners have acquired Propét Footwear, a designer, manufacturer, and distributor of footwear.

Propét Footwear specializes in hard-to-fit feet across a wide range of sizes and widths. The company’s products – available in more than 500 styles for men and women – are sold through traditional wholesale, retail, and e-commerce channels, and through online marketplaces.

Propet’s products, with available options that can alleviate discomfort and address foot-related medical conditions, are also sold through certain medical providers. Propét was founded in 1985 and is headquartered near Seattle in Auburn, Washington.

Aiglon Capital invests in lower middle-market manufacturing, distribution, and services companies that have EBITDA between $5 million and $20 million. The Durham, North Carolina-headquartered firm has acquired eight platforms, closed seven add-on acquisitions, and exited two investments since its founding in 2014 by its managing partner Richard Griffin, a former partner at Pritzker Private Capital.

Merit Capital invests subordinated debt and equity capital of $15 million to $60 million in companies with at least $4 million of EBITDA that are active in the manufacturing, distribution and services industries. The firm makes both control and non-control investments in partnership with independent sponsors, family-owned companies, and existing owner-managers. Merit is led by its founding partners Terrance Ship and Marc Walfish and is based in Chicago.

© 2021 Private Equity Professional | October 28, 2021

Share on twitter
Share on linkedin
Share on print
Share on email

To search in site, type your keyword and hit enter