Portfolio Company News: Array Marketing and Filson Holdings
The Los Angeles Business Journal reported today that private equity firm Brentwood Associates completed the sales of two of its portfolio companies, premium outdoor apparel maker Filson Holdings and retail merchandising systems manufacturer Array Marketing Group. The terms of both deals were not disclosed.
Under the ownership of Brentwood, Filson Holdings was able to accelerate product development, grow its direct-to-consumer business significantly and expand its wholesale distribution.According to Steve Moore, partner at Brentwood Associates, “Filson is an iconic heritage brand that continues to grow its base of highly loyal customers through its multi-channel distribution platform.” The company was sold to Bedrock Manufacturing, a Dallas-based design and manufacturing group.
Array Marketing Group, which was acquired by Brentwood in 2000, was sold to TorQuest partners, a Toronto-based investment firm. “We are extremely proud of Array’s achievements, having tripled sales volume and built an impressive portfolio of prestige clients during our investment period,” said Roger Goddu, partner at Brentwood Associates.