Augusta Sportswear Holdings Inc., a Georgia supplier of athletic apparel and outerwear, was sold by one private equity firm to another PE firm and members of Augusta's management. Terms of the deal were not disclosed.
Augusta Sportswear, which had sales last year of about $200 million, was acquired by Linsalata in December 2004.
“Augusta Sportswear has been an excellent platform yielding our firm its largest single gain on investment,” said Rob Weber, managing director at Linsalata. “This is a direct result of the tremendous effort put forth by the management team.”