Gart Capital Partners, a private equity investment partnership located in Denver, CO, has acquired California-based Work World, a workwear retailer. No financial terms were disclosed.
D.A. Davidson & Co was the financial adviser to Work World on the deal.
Founded in 1990, Work World is a specialty retailer focused on providing customers with a one-stop shopping experience with “the right gear, in the right size, at the right time.” The company’s mission is to completely outfit the working person with safety footwear and work apparel brands that include Carhartt, Timberland Pro, Dickies, Keen Utility, Wolverine, Caterpillar, Ben Davis, Wrangler, Levi’s, 5.11, Ariat and others.
“We were pleased to work with Work World on this transaction,” said Brien Rowe, managing director at D.A. Davidson. ”The company is uniquely positioned to capitalize on the large, growing and under-penetrated work wear specialty retail market.”
“Management could not have picked a better partner—Gart Capital Partners have enjoyed great success in retail and development for almost 100 years,” added Mike Smith, managing director at D.A. Davidson. “We are pleased for both organizations and look forward to the next phase of growth for Work World.”
“The D.A. Davidson Consumer Investment Banking Team’s industry knowledge, transaction expertise and commitment to our success has resulted in us finding the right partner that will help take Work World to the next level,” said Dan Meyer, co-owner and general manager of Work World. “From the outset, the D.A. Davidson team was dedicated to delivering the highest level of service necessary to successfully close this transaction.”