Harris Williams & Co. Advises Boot Barn Holding Corporation in its Sale to Freeman Spogli & Co.
December 13 2011 - 12:30PM
Business Wire
Harris Williams & Co., a premier middle market investment
bank, announces the sale of Boot Barn Holding Corporation (Boot
Barn), the largest western and work wear specialty retailer in the
U.S., to Freeman Spogli & Co. (Freeman Spogli). Boot Barn is a
portfolio company of Marwit Capital. Harris Williams & Co.
acted as the exclusive advisor to Boot Barn. The transaction
was led by Todd Morris, Andy Dixon and David Bhattacharyya from the
firm’s San Francisco office along with Glenn Gurtcheff from the
firm’s Consumer Group.
“Boot Barn has an expansive brick-and-mortar store footprint and
a burgeoning e-commerce business. This transaction demonstrates
investor appetite for market leading consumer-oriented businesses
with strong brand awareness and a loyal customer base," said Glenn
Gurtcheff, a managing director at Harris Williams & Co.
Headquartered in Irvine, CA, Boot Barn is a specialty western
and work wear retailer offering boots, pants, jeans, shirts,
jackets, hats and belts for men, women and children. Boot Barn
operates 85 stores across CA, AZ, NM, CO, NV, OR, WY and MT and a
leading e-commerce site.
Marwit is a private investment firm that partners with
management teams to build industry leading companies in the lower
middle market. Since its founding in 1962, Marwit has completed
over 50 buyouts, recapitalizations and growth equity investments.
Headquartered in Newport Beach, CA, Marwit currently has $200
million in equity capital under management for its limited partners
and is investing out of MCP II, Marwit's second investment
fund.
Freeman Spogli & Co. is a private equity firm dedicated
exclusively to investing in and partnering with management in
consumer-related companies in the retailing, direct marketing and
distribution industries in the United States. Since its founding in
1983, Freeman Spogli has invested over $2.8 billion in 45 portfolio
companies with aggregate transaction value of $17 billion, and is
currently making investments from FS Equity Partners VI, L.P.
Freeman Spogli has offices in Los Angeles and New York City.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two-decade legacy of sell side
excellence serving clients worldwide. The firm is
focused exclusively on the middle market, providing sell
side and acquisition advisory, restructuring advisory,
board advisory, private placements and capital markets advisory
services.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorized and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker,
marketing director, at +1 (804) 648-0072.
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