Sage Capital Partners buys out Corral West Ranchwear
15 Dec '05
3 min read
Gardenswartz continued that their vision for Corral West and for Work Wear Depot is exactly in line with Sage Capital Partners' goal of building a multi-hundred million dollar specialty retail chain. With the work wear opportunity being virtually untapped in the U.S., they believe Corral West has the right recipe in place with Work Wear Depot to quickly create a formidable market powerhouse.
Sage Capital Partners' advisors included Ernst & Young, who performed financial, tax, and IT due diligence; Morrison & Foerster, who served as counsel to Sage and provided legal due diligence; ARC Business Advisors LLC, who performed commercial and market due diligence; and Diligence, Inc., the Washington, D.C.-based intelligence and risk management consultancy.
Cheyenne, Wyoming based Corral is the leading U.S. lifestyle retailer of brand name and private label goods in the Western and work wear product categories. The Company markets a broad selection of apparel, footwear, jewelry, gifts and accessories through 95 retail stores located in 19 states, predominantly in the Rocky Mountain region and the Western U.S., as well as through an e-commerce platform
Sage Capital Partners, L.P. is a private equity investment firm with committed capital that seeks to invest in lower middle-market companies with at least $5 million of operating cash flow and revenues of up to $150 million. Sage Capital Partners is the private equity arm of The Sage Group, LLC, a Los Angeles-based investment bank with a national focus on brand-driven enterprises and middle market companies with valuations of $50 million to $500 million. For more information, please visit www.sagecappartners.com.
New York City based Financo specializes in mergers and acquisitions, divestitures, restructuring, and private placements, along with consulting and private equity services. The firm's significant transaction history is heavily concentrated in retail, apparel, fashion, footwear, cosmetics, fragrance, e-commerce, consumer products and other merchandising-related industries.
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