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Yukon joins hands with CPC in investment in Lakeshirts
04 Feb '20
2 min read
Pic: Lakeshirts
Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has joined hands with Carlson Private Capital Partners (CPC) in its investment in Lakeshirts Blue 84, a designer and value-added distributor of customised apparel. It provides merchandising solutions to resort and college-licensed apparel and accessories markets.
Lakeshirts / Blue 84, based in Detroit Lakes, Minnesota, collaborates with its specialty retailer customers to develop and supply attractive, unique products for markets where consumer demand is driven by impulse and emotional connection to an experience.
William Dietz, managing partner of Yukon, stated, “We are excited to partner with CPC and the Lakeshirts management team for the next phase of the company’s growth. Lakeshirts’ expertise in design and merchandising, extensive manufacturing capabilities, broad product offering, and strong customer service have made the company a market leader and position it well for continued growth.” He added, “As a family-backed, long-term investor, CPC brings a different approach to investing than the traditional private equity market, and we are pleased to support them on the Lakeshirts investment.”
“We have known the Yukon team for many years and are excited to partner with them on the Lakeshirts investment,” said Andy Cantwell, managing partner at CPC. “Lakeshirts embodies the type of company we are looking to invest in at CPC; a great Midwest-based, founder-owned business that was looking for a long-term partner. The company has been a pillar of the community for decades, a ‘best place to work’, and a steward of philanthropy in the greater Detroit Lakes area. They have built a tremendous business positioned for accelerated future growth and done things the right way to get there for many years.”
Lakeshirts / Blue 84, based in Detroit Lakes, Minnesota, collaborates with its specialty retailer customers to develop and supply attractive, unique products for markets where consumer demand is driven by impulse and emotional connection to an experience.
William Dietz, managing partner of Yukon, stated, “We are excited to partner with CPC and the Lakeshirts management team for the next phase of the company’s growth. Lakeshirts’ expertise in design and merchandising, extensive manufacturing capabilities, broad product offering, and strong customer service have made the company a market leader and position it well for continued growth.” He added, “As a family-backed, long-term investor, CPC brings a different approach to investing than the traditional private equity market, and we are pleased to support them on the Lakeshirts investment.”
“We have known the Yukon team for many years and are excited to partner with them on the Lakeshirts investment,” said Andy Cantwell, managing partner at CPC. “Lakeshirts embodies the type of company we are looking to invest in at CPC; a great Midwest-based, founder-owned business that was looking for a long-term partner. The company has been a pillar of the community for decades, a ‘best place to work’, and a steward of philanthropy in the greater Detroit Lakes area. They have built a tremendous business positioned for accelerated future growth and done things the right way to get there for many years.”
Fibre2Fashion News Desk (SV)
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