NEW YORK — Trilantic Capital Partners, a global private equity firm, on Tuesday announced that it has partnered with management to acquire Implus, a leader in the footwear, outdoor and fitness accessories markets. Financial terms of the transaction were not disclosed.
Trilantic will partner with CEO Seth Richards and president Todd Vore to provide capital to allow the company to execute on its key growth initiatives. "Trilantic is a partner who will help us expand across business lines and in new markets, both in the [United States] and overseas, where we see tremendous opportunity," Richards said. "Trilantic has proven to be a successful partner in helping the management teams of middle-market businesses grow organically and through acquisitions. We look forward to a successful partnership."
Implus designs, markets and distributes branded consumer accessories, including insoles, shoe care products, socks, sports monitors, seasonal items and fitness products. The company supplies its products to specialty retailers and mass market chains in 70 countries across the United States, Europe and Asia.
"Implus has a strong competitive position with a proven track record of growth through innovation, customer expansion and strategic acquisition," noted Charlie Moore, partner at Trilantic.