Augusta Sportswear Holdings Inc. has been flipped to a new private equity firm backing members of Augusta's management team. Terms of the deal were not disclosed, but reports on TheDeal.com had the acquisition valued in the $405 million to $450 million range, or about 9x EBITDA. 

 

Linsalata Capital Partners, based in Mayfield Heights, OH, sold Augusta Sportswear to Quad-C Management Inc., which has offices in New York and Charlottesville, VA, and members of Augusta’s management team.


Augusta Sportswear, which had sales last year of about $200 million, was acquired by Linsalata in December 2004. Annual sales were $79 million when Linsalata acquired the company, but has grown through acquisitions as well as organic growth.  Linsalata acquired collegiate apparel company Jones & Mitchell in March 2005 and added Holloway Sportswear in May 2006.


“Augusta Sportswear has been an excellent platform yielding our firm its largest single gain on investment,” said Rob Weber, managing director at Linsalata Capital Partners. “This is a direct result of the tremendous effort put forth by the management team.”