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THE ANGEL, September 30, 2021 / PRNewswire / – Meaningful Partners LLC (together with certain affiliates, “Meaningful”), a Los Angeles-based private equity firm, today announced the completion of a strategic growth investment in Active Apparel Group (“AAG” or the ” Company “) known. ), a leading, socially responsible manufacturer of activewear and swimwear for the leisure / lifestyle and performance markets. Based in Brisbane, Australia with its US office in Los Angeles, California, AAG proudly offers its customers a strategic end-to-end solution in the development and procurement of active apparel products.
“Meaningful clearly shares our values and our approach to business,” said Paul McCloskey, founder of AAG. “We are grateful to have found the Meaningful team to provide us with the resources to grow our business and better serve our partner brands. The Meaningful team has decades of combined experience that will guide AAG into the next phase of growth. “
AAG strives to deliver innovative, sustainable apparel solutions to its customers while providing its team members with a rewarding culture that is focused on personal development and teamwork. With decades of experience in developing high-performance textiles and in-depth knowledge of apparel engineering and manufacturing, the company offers an end-to-end suite of solutions for swimwear and sportswear brands from product development and fabric procurement to printing, embellishment and mass production. AAG’s vertically integrated design, development and manufacturing solution is valued by leading sports and swimwear brands around the world. This new investment will allow the company to accelerate growth and expand its presence in existing and new markets.
“We are excited to have the opportunity to work with the Active Apparel team to become the global leader in sportswear,” said Jake Capps, Managing Partner at Meaningful Partners. “We want to invest in companies with a proven track record, experienced leadership teams who are committed to positive goals, and significant growth potential. AAG has demonstrated all of these qualities. We look forward to building on this success story.”
MinterEllison and Buchalter represented Meaningful Partners as legal counsel. AAG was advised by Jones day on legal matters.
About active clothing:
The Active Apparel Group is a leading, socially responsible apparel manufacturer specializing in the production of sports and swimwear for market-leading international brands. The group is headquartered in Brisbane, Australia while the company serves customers all over the world, including The United States, Australia, Europe, China and Canada. Active Apparel Group proudly offers its customers an end-to-end strategic solution from design, procurement and manufacture to global delivery of garments.
About meaningful partners:
Sensible partners with offices in Los Angeles, California and Austin, TX, invests in focused consumer products companies that have earned customer trust and loyalty, demonstrate a commitment to all stakeholders, and are led by management teams that promote positive goals and performance. Meaningful partner makes control and minority stakes in $ 10 million to over $ 50 million in lower-middle and high-growth companies. The company is led by an experienced investor and operator management team that uses an expert community of over 45 CEOs / founders and subject matter experts with over 800 years of collective experience who bring relevant expertise to accelerate the growth and impact of our partner companies . More at https://meaningfulpartners.com.
SOURCE Meaningful partners
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