RADNOR, Pa.--(BUSINESS WIRE)--Larsen MacColl Partners announced today that it has made a growth equity investment in Bills Khakis, a premium designer and marketer of high-quality men’s sportswear.
While terms of the transaction were not disclosed, management confirmed that the company is now debt free and has a substantial equity base from which to accelerate the growth of its strong brand and business.
Commenting on the transaction, Larsen MacColl’s Managing Partner Jeff Larsen said, “We believe in the people and the brand of Bills Khakis and we are pleased to be partnering in its future growth and success. Bills is well-positioned to build upon its 22 year reputation for consistent high-quality sportswear made in the United States. We are proud to invest in this Pennsylvania company and, more importantly, partner with the truly outstanding people who have built this authentic American brand.”
Bills Khakis’ Founder and Chief Executive Officer Bill Thomas added, “We are excited to be able to accelerate our growth. Larsen MacColl’s investment will help us enhance our product offering, improve our customer support and extend our reach so that we can deliver an even higher level of satisfaction to more customers.”
About Bills Khakis
Based in Reading, PA, Bills Khakis (www.billskhakis.com and www.khakis.com) is a leading designer and marketer of premium, branded men’s sportswear, including pants, shorts, jeans, shirts, sweaters, knits, belts and outerwear. All Bills Khakis products are cut and sewn exclusively in the U.S.A. The Company sells its products wholesale to premium men’s specialty retail stores throughout the United States, and retail direct-to-consumer through catalog and internet marketing. Bills Khakis has been named to Inc. Magazine’s “Inner City 100” five times as one of America’s 100 fastest-growing inner city businesses.
About Larsen MacColl Partners
Based in Radnor, Pennsylvania, Larsen MacColl Partners (www.larsenmaccoll.com) invests in profitable and established companies in the consumer products, business service, transportation and logistics, specialty manufacturing and distribution industries. Larsen MacColl seeks to partner with companies with proven business models, solid management teams and significant growth opportunities. Larsen MacColl is investing out of its second committed fund.