TA Associates, a leading growth private equity and buyout firm, today announced it has completed a USD 200 million investment in 5.11 Tactical, a rapidly growing manufacturer and distribut
TA Associates, a leading growth private equity and buyout firm, today announced it has completed a USD 200 million investment in 5.11 Tactical, a rapidly growing manufacturer and distributor of apparel and accessories focused primarily in the law enforcement market. TA will hold a majority stake in 5.11 Tactical and the senior management team will remain in place.
Headquartered in Modesto, California, and founded in 2003, 5.11 Tactical provides a full line of functional products to law enforcement and public safety personnel. 5.11 Tactical’s apparel includes pants, shirts, shorts, vests, belts and uniforms, as well as outerwear, underwear, footwear and accessories. The company was ranked #211 on the 2007 Inc. 500, Inc. magazine’s annual ranking, by revenue growth, of privately-held, independent, U.S.-based companies.
‘While most public safety apparel and gear manufacturers have traditionally focused on one or a small number of product verticals, 5.11 Tactical has built a product line that we believe is unmatched in its breadth,’ says Jon E. Kossow, a Principal at TA Associates who will also join the company’s Board of Directors. ‘As the only broad-line designer and distributor of law enforcement gear and apparel, 5.11 Tactical is highly regarded in the law enforcement market. With this loyal customer base and a quality product, the company is well-positioned to continue its growth.’
Founded in 1968, TA Associates is one of the world’s leading private equity firms, with extensive expertise in the consumer and retail sectors. TA’s prior investments in these sectors include AND 1, Car Toys, Eastern Mountain Sports, Jenny Craig, Lumber Liquidators, M and M Direct, PowerBar, Steve & Barry’s, Tempur-Pedic International and United Pet Group.
Goodwin Procter served as legal counsel to TA Associates. Latham & Watkins provided legal services to 5.11 Tactical.