Home / Knowledge / News / Apparel/Garments / Resilience acquires G&K Services direct sale business
Resilience acquires G&K Services direct sale business
09
Jan '14
Resilience Capital Partners, a Cleveland-based private equity firm focused on buying and improving lower mid-market companies in a broad range of industries, has announced the acquisition of the direct sale business of G&K Services, Inc. through its newly-formed platform company, Affinity Specialty Apparel, Inc. (“Affinity”).

Affinity is a leader in the selling and distributing of occupational apparel and services, including the design, marketing and distribution of customized and off-the-shelf apparel  collections to customers through managed direct purchase uniform programs. Affinity is Resilience Capital Partners’ first acquisition in the corporate uniform industry and its seventh platform investment for The Resilience Fund III, L.P.

“We are excited to be starting our newest platform investment in Fund III. We believe there is significant opportunity in the direct sale side of the corporate uniform industry and feel that this acquisition gives us a solid foundation on which to build an industry leader,” said Bassem Mansour, Co-CEO of Resilience Capital Partners.

Resilience has partnered with Michael DiMino who will act as CEO. Mr. DiMino was former President and Chief Operating Officer of Uniforms to You, a direct sale uniform division of Cintas. “Affinity Specialty Apparel is already one of the finest direct sale uniform company’s in the country. Now partnered with the resources of Resilience Capital we are well positioned for growth and to continue to exceed our customer expectations.”

Ki Mixon, a Partner at Resilience Capital Partners, added that “We are thrilled to be working with someone like Michael whose impressive track record in the uniform business makes him an excellent fit for this situation. His high energy and drive should instill new energy and leadership as we kick off our newest platform investment.”

About Resilience Capital Partners

Headquartered in Cleveland, OH, Resilience Capital Partners invests in niche-oriented manufacturing and business service companies located in the Midwestern and Mid-Atlantic United States with sustainable market positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can improve a company's operations, competitive positioning and profitability.

Resilience Capital Partners

Must ReadView All

Textiles | On 27th Aug 2016

French textile machinery makers to show at ITMA CITME

Seven French textile machinery manufacturers will showcase their...

courtesy: JLL

Apparel/Garments | On 27th Aug 2016

Indian cities clocking fastest retail growth: Report

Indian cities such as Bangalore, Hyderabad, Delhi and Pune are...

courtesy: Delta Galil

Fashion | On 27th Aug 2016

VF Corp completes sale of 3 brands to Delta Galil

VF Corporation, a global leader in the design, manufacture, marketing ...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
August 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search