"We are very excited to receive this investment in our company from Dominus Capital who shares our company vision and we look forward to continuing to serve our customers with very high quality products and customer service," said Drew Wolf, Founder and CEO.
In conjunction with the closing of the transaction, League is pleased to announce the addition of two new senior executives, Pete Waldron (Chief Operations Officer) and John Donaldson (Chief Financial Officer). Mr. Waldron joins League from Vantage Apparel and has 20+ years of experience in the collegiate and corporate branded apparel market and Mr. Donaldson has held CFO and leadership positions at several private equity backed companies. Both Mr. Waldron and Mr. Donaldson will be instrumental in assisting the existing League management team with continuing to expand the business and improving operations, while maintaining the company's core principles surrounding socially responsible manufacturing.
Ashish Rughwani, Partner at Dominus Capital, added, "We are excited to partner with the management team in this investment. We look forward to supporting their strong growth and assist them as they continue to expand their industry leading, high-quality and socially-responsible product portfolio. In addition to making a substantial financial commitment to League, we look forward to utilizing our previous experience in the collegiate and consumer space, as well as our network of industry executives and operating partners, to assist management in achieving the growth plans."
Logo - http://photos.prnewswire.com/prnh/20160111/321035LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/league-collegiate-outfitters-receives-investment-from-dominus-capital-300307270.html
SOURCE Dominus Capital