"Prospect Brands,
LLC today announced that it has reached an agreement to acquire a majority
interest in Crittenden & Company, LLC expanding the company’s apparel portfolio
which also includes the southern lifestyle icon, Duck Head, and the technology
and outerwear company, Gerbing. Luxury apparel veteran, Critt Rawlings who has
more than 50 years of experience in the industry, founded Crittenden in 2003. Crittenden
produces fine men’s jackets, dress shirts, neckwear, sweaters and
trousers. Crittenden is sold at leading men’s
specialty stores across the United States, in addition to the company’s flagship
store located in Midway, KY.
Setting out to be authentic to its roots, and live up to Mr. Rawlings’ high level of taste and perfection, Crittenden alone sets the standard for quality and taste in men’s clothing.
Setting out to be authentic to its roots, and live up to Mr. Rawlings’ high level of taste and perfection, Crittenden alone sets the standard for quality and taste in men’s clothing.
“Crittenden is a great addition to our existing
portfolio. It is rare in a career to be
able to work and partner with such an icon in the apparel industry. I’m excited
and honored to work with and learn from my good friend Critt Rawlings. Together I am confident that we can continue
to deliver on the promise of creating authentic, high-quality goods.” Said Tom Nolan, President and CEO of Prospect
Brands.
“We are thrilled to have found the right partners in
Prospect Brands. We greatly respect
their vibrant, young team and know they will be a great asset in developing a
larger and more successful Crittenden brand for many years to come.” Said Mr. Rawlings.
About Crittenden
In 2003,
after spending a career with some of the finest American producers of tailored
clothing, including Ralph Lauren, Oxxford Clothes, and Norman Hilton, Crittenden
Rawlings recognized that there was a void in the marketplace for a quality,
high-end product at a reasonable price. Crittenden
is about easy going sophistication that carries with it all the details of the
most expensive and well-made garments.
Mr. Rawlings works with the finest mills in the world, combining
impeccable quality and design with a fair price. Like the man, Crittenden is about
authenticity, and making garments the right way. Crittenden can be found in the
finest specialty stores in America as well as its flagship store, located in
Midway, KY. CRITTENDEN: excellence in quality, excellence in value. For more information please visit www.crittendenclothes.com
Prospect Brands, LLC is a partnership between McCarthy Capital
Fund V and Tom Nolan. Prospect Brands is
a holding company established to hold consumer product companies. McCarthy
Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated
RIA of McCarthy Capital (“McCarthy”). McCarthy is an Omaha-based private
equity firm focused exclusively on middle-market companies. For more than
25 years, the McCarthy organization has been partnering with founders,
families, and exceptional management teams to support the growth of their
companies. For more information, please visit www.prospectbrand.com.
About Duck Head
Originally
founded in 1865, the legendary Duck Head brand was conceived after brothers
George and Joe O'Bryan opened an apparel wholesale business after returning
home to Nashville, TN, from Civil War duty. The brothers' innovative trouser
design, cut and sewn from the closely woven tent material known as
"Duck" was later trademarked as Duck Head, and a unique American
brand was born. As the original, and authentic southern lifestyle brand, Duck
Head transcends the industry. Duck Head
remains an American apparel icon, with most products manufactured in the United
States. Duck Head can be found in the
finest specialty stores in America & London as well as its flagship store,
located in Greensboro, NC. For more
information please visit www.duckhead.com.
About Gerbing
Gerbing is a wearable technology company founded in
1976. Over the years, Gerbing has developed a loyal customer base in the
motorcycle market through its industry-leading technology and product quality
guarantees. Today Gerbing stands for extraordinary technology, design,
and performance, delivering industry best outerwear apparel for skiing, hunting
& fishing, power sports, and general outdoor activities. Anytime you feel the cold, Gerbing
Thermovelocity Protection™ will be there to heat things up. Gerbing Products can be found in the
finest outerwear & power sports stores in America as well as its two retail
locations in Olympia, WA and Stoneville, NC.
For more information, please visit www.gerbing.com."
- A Press Release
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