Tultex Parent Acquired By S&S Activewear
In a deal between two competitors in the activewear apparel space, S&S Activewear has completed its acquisition of TSC Apparel, the parent of Tultex.
Founded in 1976 and headquartered in Cincinnati, OH, TSC is a national B2B distributor of imprintable apparel products and accessories. The seller was CenterGate Capital, an Austin-based private equity investment firm.
“The collective efforts of the TSC management team, our strategic partners and CenterGate have resulted in a differentiated platform well positioned to continue to deliver greater value to its customers,” says Tiffany Kosch, co-founder and managing partner of CenterGate.
“We are proud to have partnered with TSC management and congratulate them on their achievements,” adds managing director Tim Liu. “We want to thank them for their hard work and look forward to tracking their future success.”
“I’m tremendously proud of everything the TSC team has accomplished over the past few years,” adds TSC CEO Dave Klotter. “We’ve dramatically grown revenue and profitability, added new capabilities and significantly expanded our proprietary Tultex-branded offering while continuing to provide industry-leading service and value to our customers.”