CINCINNATI-Brown Gibbons Lang & Company (BGL) announces the sale of TSC Apparel to an affiliate of CenterGate Capital. BGL’s consumer products and retail team originally served as the exclusive financial advisor for TSC Apparel.
CenterGate, a middle-market private equity firm, facilitates growth for companies through partnership and capital. The firm says it supplements operational and industry expertise with “transactional and business experience.”
“We enjoyed a great 17 plus years with our previous ownership group as we grew into a national platform and valued partner for both our suppliers and customers,” states Bob Winget, CEO of TSC Apparel. “We are excited about the next phase of growth and continuing to provide excellent service both up and down the supply chain. BGL did a fantastic job for all of our stakeholders and helped our team select not just a new capital provider, but the right strategic partner.”
The announcement is the latest development in the transaction involving CenterGate and TSC Apparel. Late last week, the firm announced it had made an investment in TSC.
Terms of the transaction were not disclosed.
For more information, visit http://www.tscapparel.com.