Harris Williams & Co. Advises Boot Barn Holding Corporation in its Sale to Freeman Spogli & Co.
Harris Williams & Co., a premier middle market investment bank, announces the sale of Boot Barn Holding Corporation (Boot Barn), the largest western and work wear specialty retailer in the U.S., to Freeman Spogli & Co. (Freeman Spogli). Boot Barn is a portfolio company of Marwit Capital. Harris Williams & Co. acted as the exclusive advisor to Boot Barn. The transaction was led by Todd Morris, Andy Dixon and David Bhattacharyya from the firm’s San Francisco office along with Glenn Gurtcheff from the firm’s Consumer Group.
“Boot Barn has an expansive brick-and-mortar store footprint and a burgeoning e-commerce business. This transaction demonstrates investor appetite for market leading consumer-oriented businesses with strong brand awareness and a loyal customer base," said Glenn Gurtcheff, a managing director at Harris Williams & Co.
Headquartered in Irvine, CA, Boot Barn is a specialty western and work wear retailer offering boots, pants, jeans, shirts, jackets, hats and belts for men, women and children. Boot Barn operates 85 stores across CA, AZ, NM, CO, NV, OR, WY and MT and a leading e-commerce site.
Marwit is a private investment firm that partners with management teams to build industry leading companies in the lower middle market. Since its founding in 1962, Marwit has completed over 50 buyouts, recapitalizations and growth equity investments. Headquartered in Newport Beach, CA, Marwit currently has $200 million in equity capital under management for its limited partners and is investing out of MCP II, Marwit's second investment fund.
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related companies in the retailing, direct marketing and distribution industries in the United States. Since its founding in 1983, Freeman Spogli has invested over $2.8 billion in 45 portfolio companies with aggregate transaction value of $17 billion, and is currently making investments from FS Equity Partners VI, L.P. Freeman Spogli has offices in Los Angeles and New York City.