Golden Gate Capital acquires apparel retail Norm Thompson
14 Mar '06
3 min read
"This is a very exciting time and a very positive partnership for Norm Thompson," added John Emrick, Chairman and CEO.
"With Golden Gate's financial backing and expertise in specialty retail, they have found an excellent partner for the future.
They look forward to being a part of this great family of brands and to continuing to offer the excellent merchandise and customer service that their loyal customers have come to expect through their more than fifty years of history."
Following the successful acquisitions of Newport News in June, 2004 and Spiegel in July, 2004, and Appleseed's and Draper's & Damon's in November, 2005, Golden Gate Capital has become one of the leading investors in the women's specialty retail market, with a focus on the direct channel.
While each title will continue to operate independently, there exist significant opportunities for each to benefit from being part of an industry-leading portfolio.
Golden Gate continues to seek additional acquisitions of similar brands.
Financial terms of the transaction were not disclosed.
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $2.5 billion of capital under management.
Golden Gate Capital is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses.
Golden Gate targets investments in situations where there is a demonstrable opportunity to significantly enhance a company's value.
Norm Thompson Outfitters is a Portland, Oregon-based, direct retailer specializing in online and catalog merchandising.
With three leading national brands -- Norm Thompson, Solutions and Sahalie -- NTO sells a wide range of unique products, including apparel, accessories, gifts, travel items, gourmet foods, household goods and outdoor gear.