Guardian Capital Partners invests in McCubbin Hosiery
Guardian Capital Partners has acquired a controlling interest in McCubbin Hosiery.
Guardian partnered with the executive management team of McCubbin on this transaction.
The existing managers will continue operating the company going forward.
Headquartered in Oklahoma City, McCubbin Hosiery is a children’s and women’s hosiery platform with extensive distribution of branded and private label socks, tights, slippers, leg warmers and infant soft sole shoes. McCubbin offers a portfolio of hosiery for footwear brands, complemented by sales of its own label and private label product.
David McCubbin, president of McCubbin Hosiery, says: “With over 60 years of history, the company is synonymous with quality, service and innovation. Our partnership with Guardian Capital Partners is an exciting milestone for the company.”
Scott Evans, managing partner of Guardian, says: “McCubbin Hosiery has had solid historical growth because of its category leadership. With Guardian’s experience in the consumer products sector we are excited to further develop and support the company’s growth strategy.”
Stephens Inc served as exclusive financial advisor to McCubbin Hosiery. The law firm Duane Morris advised Guardian. PNC Bank provided senior debt financing for the transaction and Patriot Capital Partners provided additional financing and minority equity.
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