Global private equity firm Trilantic Capital Partners has partnered with management to acquire Implus Corporation.
Led by an experienced senior management team, Implus designs, markets and distributes branded consumer accessories, including insoles, shoe care products, socks, sports monitors, seasonal items and fitness products. The company supplies its products to specialty retailers and mass market chains in 70 countries across the US, Europe and Asia.
In the transaction, Trilantic will partner with founding family member and CEO Seth Richards and President Todd Vore to provide capital to allow the company to execute on its key growth initiatives.
"Trilantic is a partner who will help us expand across business lines and in new markets, both in the US and overseas, where we see tremendous opportunity," says Seth Richards, CEO of Implus. "Trilantic has proven to be a successful partner in helping the management teams of middle-market businesses grow organically and through acquisitions. We look forward to a successful partnership."
Charlie Moore, partner at Trilantic Capital Partners, adds: "Implus has a strong competitive position with a proven track record of growth through innovation, customer expansion and strategic acquisition. Our partnership with Implus builds on our existing portfolio of consumer companies and highlights our commitment to supporting talented entrepreneurs to grow their businesses. We are thrilled to be working with this outstanding team."
