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AEA Completes Sale of Shoes For Crews
New York – October 27, 2015 – AEA Investors (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has completed the sale of Shoes For Crews (“SFC” or the “Company”), a leading manufacturer, marketer and distributor of slip-resistant footwear, to a financial sponsor.
Since its founding in 1984, Shoes For Crews has continued to innovate, offering increased comfort, new technology and revamped designs across its broad collection of products. With AEA’s support over the past five years, SFC has further penetrated the most attractive segment within the manufacturing industry vertical, developed and executed go-to-market strategies for the industrial and healthcare markets and improved its global supply chain. This transaction underscores the Firm’s success in partnering with driven families, founders and management teams to build market-leading consumer companies.
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $9 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
About Shoes for Crews
Shoes For Crews is the category creator and a leading designer and marketer of slip-resistant footwear worldwide. Headquartered in West Palm Beach, Florida, Shoes For Crews began producing slip-resistant footwear in 1984. The Company strives to create a safer workplace in all industries where floor hazards are a reality. The high-performance culinary footwear brand MOZO and the work boot brand ACE are also part of the Shoes For Crews family of brands. The Shoes For Crews team’s focus is to deliver the ultimate in slip resistant outsole technology and unmatched comfort with classic and fashion styling, through a complete line of footwear designed to bring each employee home safely at the end of the shift, whether they work in food service, hospitality, industrial, healthcare or other workplace environments.
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