"The SPI team has developed a proven growth strategy and we are excited to put additional resources behind this strategy to grow and expand the business," said Mat Lori, Managing Director at New Mountain Capital. "We look forward to working closely with management over the coming years to support the realization of the Company's full potential by investing in growth and supporting new strategic initiatives that capitalize on SPI's customer relationships, scalable infrastructure and management capabilities."
"New Mountain is the ideal partner to help SPI achieve the next level of growth," said Mike Singer, Chief Executive Officer of SPI. "New Mountain has a long track record of supporting business building, and we will have significant resources to achieve our strategic objectives. We look forward to our partnership and the benefits it will yield for our retail partners, end consumers and employees."
UBS and Kirkland & Ellis acted as advisors to New Mountain Capital.
Chief Executive Officer
Strategic Partners, Inc.
9800 De Soto Avenue, Chatsworth, CA 91311
Phone: (818) 671-2100
About Strategic Partners
Strategic Partners, Inc. is a leading designer, marketer, and distributor of high-quality uniforms, footwear and accessories to retailers. The company manufactures products through multiple brands. SPI distributes its products globally into more than 50 countries and serves a diverse base of retailers across multiple channels, including specialty retail, mass retail, and online. SPI is headquartered in Chatsworth, California and manages operations through a centralized distribution center in Dallas, TX with a global sourcing model. The combination of its geographic footprint, coupled with an expansive item profile, enables SPI to quickly and efficiently meet the needs of its valued customers. For more information on SPI, please visit www.strategicpartners.net.
About New Mountain Capital
New Mountain Capital is a New York-based alternative investments firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com.
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SOURCE Strategic Partners, Inc.