Genesis Capital Advises Pinehurst Manufacturing on its Recapitalization

Genesis Capital Advises Pinehurst Manufacturing on its Recapitalization

Genesis Capital is pleased to announce the completion of an investment into Pinehurst Manufacturing by a private investor group.

Pinehurst Manufacturing is a leading, international apparel manufacturer, which has been a family-owned business for 25 years. The Company is a vertically integrated manufacturer of high-quality t-shirts, sport shirts and other apparel for leading international brands in North America. The Company is a strategic supplier of apparel products offering numerous fabrics; such as compression, cotton, Pima, and mesh; for tops and bottoms and includes sublimation and a full range of decoration. The Brischke family will continue to be a significant shareholder in the Company, and the existing management team, led by CEO Jeff Brischke, will continue to manage and operate the business.

“We are very pleased to establish this partnership with such strong capital partners who will enable the business to prosper into the future” said Jeff Brischke, Chief Executive Officer.  He also added that “Genesis Capital was critical in helping us evaluate our range of strategic alternatives. Ultimately, Genesis Capital identified our new capital partner and assisted in their investment while minimizing tax burdens and maximizing investment exit options.” Lastly, Mr. Brischke commented that “our new partners bring considerable resources and manufacturing expertise, and we are excited to begin the next stage of the Company’s growth with them”.

Genesis Capital, LLC acted as the sole investment banking advisor to Pinehurst Manufacturing, Ballard Spahr LLP provided legal counsel, and The Interlochen Group provided CFO support services.

About Pinehurst Manufacturing

Pinehurst is a leading athletic apparel manufacturer headquartered in Honduras. The Company, a family-owned business founded in 1989, is a leading manufacturer of high-quality, athletic apparel with operations in Honduras and Nicaragua. With a per month capacity of nearly 1.5 million shirts, and over 2,000 employees, Pinehurst has established itself as a premier manufacturer in the apparel industry. The Company is a full service manufacturer and offers its clients cutting, sewing, screen printing, embroidery, sublimation and washing services, all in-house.  Pinehurst is able to produce a wide variety of products including performance shirts, sportswear shorts and jerseys, ladies’ apparel and more.

Company Type: Family-Owned Businesses

Transasction Type: Private Capital, Sellside M&A

Industry: Industrial Manufacturing