Affinity Apparel Acquires DragonTech Manufacturing Company
FAIRBORN, Ohio, April 29, 2015 /PRNewswire/ -- Affinity Apparel, a national direct sale uniform distributor to a broad range of industries, has announced the acquisition of DragonTech Manufacturing Company. DragonTech is a leading supplier for work wear, image wear, and tactical wear. Founded over 20 years ago and headquartered in Scottsdale, Arizona, DragonTech is known for their innovative protective apparel for the electrical utilities, and oil and gas industries.
DragonTech is the second acquisition for Affinity Apparel, joining Riverside Manufacturing, which was acquired in September 2014. The acquisitions have doubled the size of Affinity Apparel since the company joined the Resilience Capital Partners portfolio in January 2014.
"The DragonTech acquisition furthers our growth in the protective apparel uniform space," said Michael DiMino, CEO of Affinity Apparel. "We have set out to become the leader in the direct sale uniform market and we are accomplishing this goal. With the Riverside and DragonTech brands, Affinity expands our presence in the FR and oil and gas industries. Larry White and Joe Chisholm will continue to manage the operations and sales on a day-to-day basis and we welcome them to the Affinity team."
Bassem Mansour, Co-CEO of Resilience Capital Partners, added "We invested in Affinity Apparel to serve as the foundation to build upon to create an industry leader in direct sale uniform apparel. The DragonTech acquisition is a continuation of our growth strategy."
About Affinity Apparel
Affinity Apparel, located in Fairborn, OH, is a national provider of uniforms and branded apparel. Affinity offers a wide variety of high quality custom apparel as well as a readily available stock line. Affinity Apparel manages programs of all sizes in a variety of industries including retail, healthcare, hospitality, security, safety, tailored programs, transportation, and service and manufacturing. Over 400,000 employees go to work each day in Affinity Apparel.
About DragonTech Manufacturing
DragonTech is an innovative developer, manufacturer and supplier of protective clothing and occupational wear to industries where worker safety is critical, including oil & gas, utilities, automotive, military, public/private security and fire. DragonTech products are offered in a variety of styles and materials for hazardous and non-hazardous environments. DragonTech utilizes top quality fabrics, materials and features that incorporate durability, comfort and style.
About Resilience Capital Partners
Headquartered in Cleveland, OH, Resilience Capital Partners invests in nicheoriented manufacturing, distribution, and business service companies located in the Midwestern and MidAtlantic United States with sustainable market positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can improve a company's operations, competitive positioning and profitability. Since its founding in 2001, Resilience Capital has invested in 43 companies under 23 platforms. Its portfolio companies today employ more than 7,000 people in 15 states and collectively represent over $2 billion in revenues. Resilience manages in excess of $625 million for its global investor base which includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers, and investment consultants. For more information, please visit www.resiliencecapital.com.
Contact Information
Michael DiMino
CEO, Affinity Apparel
937-873-4510
[email protected]
SOURCE Resilience Capital Partners LLC
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