Peter Millar, the high-end golf apparel line, has been acquired by Winona Capital Management. The Chicago-based firm acquired a majority interest in the company, based in Cary, NC.
Launched in 2001 by Chris Knott, Peter Millar markets classically designed sweaters, shirts, and outerwear sold to high-end golf clubs and select specialty retail stores. Knot teamed up with Scott Mahoney, a former Polo Ralph Lauren executive, and have grown sales better than 30% yearly.
“We are excited to partner with Winona Capital as they truly understand our business and share in the long-term vision of Peter Millar. They bring with them a wealth of knowledge and support as we embark on the next phase of our growth,” remarked Scott Mahoney, CEO & president of Peter Millar.
“We are thrilled to be partners with Chris and Scott and the rest of the Peter Millar team. They are a great management team that has product leadership in the prestige apparel space, best-in-class channel distribution, and excellent growth and profitability,” stated Luke Reese, managing director of Winona Capital Management. “Peter Millar has a tremendous opportunity for continued growth, both here in the U.S. and abroad.”
