Local Boy Outfitters, a Southern-inspired apparel brand based in Columbia, SC, has sold an undisclosed stake to Boyne Capital, a Miami-based private equity firm.
The financial terms of the deal were not publicly disclosed, though the investment proceeds were reported. to be primarily used to buy out a non-active co-founder.
CEO and Co-founder David Faulkenberry remain at the helm and retains a significant ownership stake. Boyne plans to support the brand’s continued growth alongside partners Sisu Equity and Consumer Growth Partners.
Faulkenberry, who co-founded Local Boy Outfitters in 2021, said, “We are thrilled to partner with Boyne Capital, which has a long track record of supporting entrepreneurs, scaling businesses, and funding growth initiatives. Our customers can expect the same Local Boy they’ve always known—same people, same values, same commitment to quality and authenticity. This investment gives us additional resources to accelerate growth and better service our customers.”
Derek McDowell, managing partner at Boyne Capital, said, “We look to partner with founders who have built something special. Local Boy’s leadership, culture, and customer connection are exactly why we invested, and those elements will continue to guide the company’s growth. We look forward to supporting the team as they scale the platform and bring new products to market.”
Roman Krislav, managing director at Boyne Capital, said, “Local Boy has done an exceptional job building a brand that resonates with customers through fresh, thoughtfully designed products with an authentic, grassroots identity. We see a significant opportunity to support the Company by investing in product innovation, brand building, and disciplined channel expansion.”
Image courtesy of Local Boy Outfitters
