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


Interviews View All

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search