Tuesday, August 12, 2008

TA Associates Completes $200 Million Investment in 5.11 Tactical

A leading growth private equity and buyout firm, today announced it has completed a $200 million investment in 5.11 Tactical, a rapidly growing manufacturer and distributor of apparel and accessories focused primarily in the law enforcement market. TA will hold a majority stake in 5.11 Tactical and the senior management team will remain in place.

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Headquartered in Modesto, California, and founded in 2003, 5.11 Tactical is the only company providing a full line of functional products to law enforcement and public safety personnel. Built on a foundation of durability, quality and value, the company's superior products enhance the safety, accuracy, speed and performance of law enforcement, military and firefighting professionals. 5.11 Tactical's apparel includes pants, shirts, shorts, vests, belts and uniforms, as well as outerwear, underwear, footwear and accessories. The company was ranked #211 on the 2007 Inc. 500, Inc. magazine's annual ranking, by revenue growth, of privately-held, independent, U.S.-based companies.

"We are delighted to make this investment in 5.11 Tactical, which has become a leader in the tactical/law enforcement market through creative sourcing and product development, and an innovative retail strategy," said Jeffrey T. Chambers, a Managing Director at TA Associates who will join the company's Board of Directors. "Led by an exceptional management team, the company has a record of rapid growth across product categories and we see significant opportunity for continued expansion."

"We are very pleased to enter into this partnership with TA Associates," said Dan Costa, CEO of 5.11 Tactical. "TA has an enviable record of helping profitable companies accelerate growth, and we will leverage their proven industry and investment expertise to continue seeking new growth opportunities."

"While most public safety apparel and gear manufacturers have traditionally focused on one or a small number of product verticals, 5.11 Tactical has built a product line that we believe is unmatched in its breadth," said Jon E. Kossow, a Principal at TA Associates who will also join the company's Board of Directors. "As the only broad-line designer and distributor of law enforcement gear and apparel, 5.11 Tactical is highly regarded in the law enforcement market. With this loyal customer base and a quality product, the company is well-positioned to continue its growth."

Founded in 1968, TA Associates is one of the world's leading private equity firms, with extensive expertise in the consumer and retail sectors. TA's prior investments in these sectors include AND 1, Car Toys, Eastern Mountain Sports, Jenny Craig, Lumber Liquidators, M and M Direct, PowerBar, Steve & Barry's, Tempur-Pedic International and United Pet Group.

1 comment:

Unknown said...

This is very old News, this exact same news release can be found on TA Associates website under December 2007


Dont try and pass this off 8 months later as breaking news, or at the very least, if you are that far behind, please put the date at which this occured originally.