Marwit Capital Partners II, L.P. said that Boot Barn Holding Corp. its western footwear and apparel retailer, completed the purchase of 14 retail stores in Wyoming and Nevada from BTWW Retail, L.P.
Boot Barn has completed three separate store acquisitions from BTWW for a combined total of 45 stores in 2008. Chris Britt, Managing Partner of Marwit Capital, said, “We are excited to have the opportunity to acquire these well-established and strongly performing stores in the highly desirable Wyoming market. Wyoming is one of the strongest western retail markets in the country and these stores represent an unprecedented opportunity to acquire a broad presence in this market.”
“Our vision for Boot Barn has always been to selectively pursue add-on acquisitions to expand our store footprint in strong markets. In 2008, weve been presented with terrific opportunities to enhance Boot Barns asset base with high quality stores and locations,” said David Browne, Principal of Marwit Capital. He continued, “Pat Meany, CEO, John Turnbull, President, and the entire Boot Barn management team are expertly managing the significant expansion of Boot Barns business and new store integration.”
Pat Meany said, “The Boot Barn team is looking forward to the opportunity to offer customers in these new markets the products, selection, service and high quality for which Boot Barn is known. We will work hard to minimize disruptions for customers, suppliers and employees. It has been a very busy and productive year for Boot Barn and we are progressing well ahead of plan in integrating our newly acquired stores and preparing for the busy holiday season.”