GREENWICH, CT – August 6, 2024 – Littlejohn & Co. LLC (“Littlejohn”), a middle-market private equity and special situations investment firm, today announced that it has entered into a definitive agreement to sell alphabroder (the “Company”), a leading supplier of trade, retail, apparel brands and branded imprintable products, to S&S Activewear (“S&S”). Terms of the transaction were not disclosed.
Based in Trevose, Pennsylvania, alphabroder is a leading supply chain partner for blank and decorated apparel and hard goods in North America for a variety of purposes including uniforms, corporate apparel, promotional products, and athletics. Under Littlejohn’s ownership, alphabroder experienced significant growth and operational transformation, doubling revenue and tripling earnings, enhancing its digital capabilities and expanding its product portfolio to include hard goods and retail and private brands apparel.
“We are proud to have worked closely with alphabroder’s talented leadership team to support the Company’s tremendous growth and development,” said Michael Klein, Chief Executive Officer at Littlejohn. “We are pleased to have successfully completed many meaningful organic and inorganic growth initiatives during the course of our ownership that established alphabroder as a leading supply chain partner in the imprintable products market. We are confident that alphabroder is well positioned to continue executing on long-term growth opportunities and wish the team continued success in its combination with S&S.”
“We are grateful to Littlejohn for their long-term support and partnership in helping to grow and optimize our business,” said Dan Pantano, President and CEO at alphabroder. “Littlejohn’s truly collaborative approach and long-term vision enabled our business to navigate challenging market environments and thrive and successfully execute operational initiatives that significantly expanded our product offerings and improved efficiencies. We thank them for their leadership and look forward to our next chapter with S&S.”
Littlejohn’s sale of alphabroder marks its fourth portfolio company sale since September 2023. The acquisition is subject to customary closing conditions and is expected to close later this year.
Harris Williams served as exclusive financial advisor and Sheppard Mullin LLP served as legal advisor to the Company in connection with the transaction.
About Littlejohn & Co. LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments in growing middle-market industrial and services companies that can benefit from Littlejohn’s 25+ years of operational and sector expertise. With approximately $7.9 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.
Media Nathaniel Garnick/Grace Cartwright Gasthalter & Co. (212) 257-4170
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