Victor Capital Partners (“Victor Capital”), a leading middle market private equity firm investing in branded, mission-driven companies in specialty consumer, industrial technology, and business service industries, today announced that it has closed on its previously announced agreement to sell PrimaLoft, Inc. (“PrimaLoft” or “the Company”) to Compass Diversified (NYSE: CODI) for $530 million.
“It has been a privilege to partner with Mike Joyce and the PrimaLoft team on their extraordinary journey to build PrimaLoft into the Relentlessly Responsible® category leader they are today” said Douglas Korn, Founder and Managing Partner of Victor Capital. “We pride ourselves on partnering with talented management teams to build branded, mission-driven businesses that are stronger and better for communities, and that describes PrimaLoft perfectly. This was a successful outcome for everyone involved, and we look forward to watching PrimaLoft continue its exciting breakthrough innovation in high- performance branded insulations and fabrics that are sustainable and better for the planet.”
“Congratulations to our partners at PrimaLoft on the recognition of their extraordinary efforts that have been validated by this transaction” said Dave Affinito, partner of Victor Capital. “We are beyond pleased that they were able to attract an experienced, well-capitalized, respected partner like Compass Diversified to support the team and the company in their next stage of building the business, and we wish them the best going forward.”
Based in Latham, New York, PrimaLoft’s technologies are integral components that balance innovation, performance, and sustainability, and have been widely adopted in the finished products of over 950 brand partners — the most forward-thinking technical providers of outdoor and lifestyle apparel, footwear, equipment, accessories, and home goods. Victor Capital acquired a majority interest in PrimaLoft in 2017 in partnership with management who collaborated to execute on a highly-successful growth plan.
The more than 950 global brand partners of PrimaLoft include outdoor brands Patagonia, Helly Hanson, LL Bean, and Arc’teryx; athletic brands Nike, Adidas, lululemon and Athleta; fashion/lifestyle brands Polo Ralph Lauren, Stone Island, J.Crew and Prada; and home goods brands The Company Store and Boll & Branch. PrimaLoft also offers a licensing program, providing its technologies and branding to an expanded set of non-woven and other textile markets.
About Victor Capital Partners
Victor Capital Partners is a leading middle market private equity firm investing in specialty consumer, industrial technology, and business services companies. We focus on resilient industries and mission- driven branded businesses with outsized growth potential. Our name stands for victory because we help build companies that are well-positioned to win for their people, customers, and communities. For more information, visit https://victorcapitalpartners.com.
PrimaLoft, Inc. is a branded, advanced material technology company based in Latham, New York and is a world leader in the research and innovative development of high-performance material solutions, specializing in insulations and fabrics. PrimaLoft® insulation was originally developed for the U.S. Army as a water-resistant, synthetic alternative to down. Since 1983, a heritage of proven & tested technologies has built trust across the textile industry, with more than 950 global brands using PrimaLoft products in outdoor, lifestyle, home furnishings, work wear, hunting and military applications. With its Relentlessly ResponsibleTM mission, PrimaLoft strives to balance innovation, performance and sustainability in the pursuit of a better future. Today, the brand is recognized as a benchmark for providing unsurpassed comfort in any condition, while lessening its impact on the environment.
For Victor Capital Partners
Victor Capital Partners is a leading middle market private equity firm investing in specialty consumer, industrial technology and business services companies. We focus on resilient industries and mission- driven branded businesses that are capital-efficient with outsized growth potential. Our name means victory, and as it suggest, we build companies that are well-positioned to win for their people, customers and communities. For more information, visit https://victorcapitalpartners.com.