S&S Activewear has been acquired by private investment firm Clayton, Dubilier & Rice (CD&R) wherein CD&R-managed funds will invest alongwith current owners and management for the acquisition.
The deal is expected to be closed in the first quarter of this year where S&S President Jim Shannon will assume the role of CEO and CD&R Operating Partner John Compton will become chairman of the board.
“This transaction is an important milestone for S&S Activewear and a validation of our continued success; as successful as we have been over the last two decades, we believe our growth story is just beginning,” says Shannon.
Shannon further added, “CD&R has a deep understanding of our business, from sourcing, freight and distribution center scaling to technology and sales and marketing.”
To this Ken Giuriceo, CD&R partner, further added, “We are delighted to partner with a talented, entrepreneurial S&S team that shares our core values in a business we know and understand.”
