Chicago-based Winona Capital Management has acquired a majority interest in Peter Millar, a manufacturer and marketer of premium lifestyle apparel.
Chicago-based Winona Capital Management has acquired a majority interest in Peter Millar, a manufacturer and marketer of premium lifestyle apparel.
Launched in 2001 by Chris Knott, Peter Millar markets classically designed sweaters, shirts, and outerwear to golf clubs and select specialty retail stores in the US and internationally, boosting sales by more than 30 per cent 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," says Scott Mahoney, chief executive and president of Peter Millar.
Luke Reese, managing director of Winona Capital Management, adds: "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. Peter Millar has a tremendous opportunity for continued growth, both here in the US and abroad."
Winona Capital Management provides acquisition and growth capital to consumer goods and services businesses in the lower middle market.
