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Revolution brings additional entrepreneurial resources to Dove
10 Dec '09
2 min read
Revolution Capital Group, a Los Angeles based private investment firm, founded by Robert Loring Jr. and Cyrus Nikou, announced a definitive agreement to acquire Dove Professional Apparel, a San Diego based manufacturer of medical uniforms servicing the healthcare and educational sectors.
“Dove has been extremely successful in this difficult economy and has sustained a strong growth rate while maintaining a superior level of service to its existing customer base,” said Ivan Ivankovich, Revolution's Chief Financial Officer.
Established in 1985, Dove is a nationally recognized brand and is the largest company in its marketplace. Dove's products are used in hospitals throughout the U.S. and are recognized as a superior brand leader in the medical and educational communities.
Founding Partner Cyrus Nikou stated, “Revolution brings additional entrepreneurial and operational resources to Dove's Management team. We will aggressively look to grow the business organically as well as through acquisition. They have done a great job here of establishing brand equity, superior quality products and a well diversified customer base. We are excited about taking this business to the next level.”
Rick Bigelow, Revolution Capital Group's Managing Director and Head of Operations, will lead Dove's Management team and act as Dove's COO. “I am looking forward to building upon what has been created here thus far, and I am happy about the prospects in the medical and educational markets.”
The acquisition marks the first deal for Revolution Capital Group since its founding in January of this year. Robert Loring, Founder and Managing Partner of Revolution stated, “This deal marks the beginning of a strategy to provide operational and financial resources to the businesses we buy, fair value to corporations looking to divest, and most importantly, jobs to people in a tough economic landscape.”
“Dove has been extremely successful in this difficult economy and has sustained a strong growth rate while maintaining a superior level of service to its existing customer base,” said Ivan Ivankovich, Revolution's Chief Financial Officer.
Established in 1985, Dove is a nationally recognized brand and is the largest company in its marketplace. Dove's products are used in hospitals throughout the U.S. and are recognized as a superior brand leader in the medical and educational communities.
Founding Partner Cyrus Nikou stated, “Revolution brings additional entrepreneurial and operational resources to Dove's Management team. We will aggressively look to grow the business organically as well as through acquisition. They have done a great job here of establishing brand equity, superior quality products and a well diversified customer base. We are excited about taking this business to the next level.”
Rick Bigelow, Revolution Capital Group's Managing Director and Head of Operations, will lead Dove's Management team and act as Dove's COO. “I am looking forward to building upon what has been created here thus far, and I am happy about the prospects in the medical and educational markets.”
The acquisition marks the first deal for Revolution Capital Group since its founding in January of this year. Robert Loring, Founder and Managing Partner of Revolution stated, “This deal marks the beginning of a strategy to provide operational and financial resources to the businesses we buy, fair value to corporations looking to divest, and most importantly, jobs to people in a tough economic landscape.”
Dove Professional Apparel
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