Altamont Capital Partners Leads Strategic Investment in Hybrid Apparel

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Dec 22, 2014, 10:00 ET

PALO ALTO, Calif., Dec. 22, 2014 /PRNewswire/ -- Altamont Capital Partners (Altamont) today announced it has partnered with existing shareholders to lead a strategic investment in Hybrid Apparel (Hybrid), a leading supplier of branded, licensed and private label apparel. Current shareholders, including Hybrid Founder and CEO Jarrod Dogan, will invest alongside Altamont and the Fox family of Fox Head, Inc. (Fox).

Founded by Jarrod Dogan in 1997, Hybrid quickly expanded from a small t-shirt supplier in Southern California to a leading, full service apparel house designing and distributing branded, licensed and private label apparel to a highly diverse retailer base. Over the past seventeen years, Hybrid has built a complete vertical operation that includes a world-class sourcing and global supply chain infrastructure, and unique capabilities in customer delivery and service across a wide-range of apparel categories. In addition to providing resources to bolster Hybrid's significant growth prospects and business goals, Hybrid's partnership with Altamont will allow Fox, the number one global motocross apparel brand and a recent Altamont and Hybrid investment, to benefit from Hybrid's product development and supply chain expertise as well.

"Jarrod and the Hybrid team have built a best-in-class business with an impressive history, experienced management team, and company culture that breeds innovation and excellence in customer service," said Keoni Schwartz, Co-Founder and Managing Director of Altamont. "Altamont is looking forward to partnering with Hybrid to execute the company's core business plan and continue its promising growth trajectory."

"The Hybrid team is excited to partner with Altamont and Scott Olivet and for the future direction of the company," said Jarrod Dogan, Founder and CEO of Hybrid. "I am confident that with their guidance and experience, we will be able to achieve our business-building goals to take Hybrid to the next level. Part of our core values as a company has been to embrace change and the partnerships with Altamont and Fox is the change Hybrid needs in order to move our brand development capabilities forward."

Hybrid will continue to operate out of its headquarters in Cypress, California, as an independent, private company led by CEO Jarrod Dogan, CFO Brad Shapiro, COO David Lederman and President of Global Supply Chain Pouria Maleki. Hybrid will continue to offer its same, preeminent focus on customers, with additional resources from Altamont and strategic investors.

"From the company's founding, Jarrod has expanded Hybrid's capabilities in order to serve the most demanding customers in retail. He has built an incredible company culture that embraces constant adaptation to customer and retailer needs, led by a senior management team with some of the longest and most successful track records in apparel," commented Altamont Operating Partner Scott Olivet. "We are thrilled for the opportunity to help Hybrid reach its full potential and to apply their expertise in helping Fox to accelerate product innovation, optimize the supply chain and take Fox customer service to a new level of performance."

About Altamont Capital Partners

Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm's principals have significant experience building business success stories across a range of industries including financial services, government services, consumer/retail, industrials and healthcare.

About Hybrid Apparel

Founded in 1997, Hybrid Apparel is a full service design, development, sourcing, production and apparel distribution company based in Cypress, California. Hybrid has a world-class sourcing and global supply chain infrastructure, with expertise in customer delivery and service across a wide-range of apparel categories and geographies. As the industry leader in brand and licensing management, Hybrid supports the best global and national brands as well as entertainment and licensed properties. For more information, visit hybridapparel.com.

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SOURCE Altamont Capital Partners