Gen Cap America Inc said Jan. 18 that it has acquired Gared Holdings LLC. Financial terms weren’t announced. Gared, of Noblesville, Indiana, makes and markets athletic equipment and custom design solutions to schools and other institutions. Gared operates under the Gared Sports, Performance Sports Systems, and Gared International brand names.
Nashville, TN, January 18, 2017 – Gen Cap America, Inc. announced today that it has partnered with management in its acquisition of Gared Holdings, LLC. Gared, based in Noblesville, Indiana, operates under the Gared Sports, Performance Sports Systems, and Gared International brand names.
Gared is a leading manufacturer and marketer of athletic equipment and custom design solutions to schools and other institutions. Products include equipment for basketball, volleyball, tennis, soccer, futsal, handball, field hockey, lacrosse, netball, baseball, football, and others. Gared also manufactures indoor and outdoor custom bleachers and benches, and markets a full line of privately branded shot clocks and scoreboards.
The Gared management team, led by CEO Kevin Needler, will stay on to run daily operations.
“Gared employs energetic and dedicated people led by an experienced management team, and we have an excellent strategy to continue to develop and strengthen our existing and future channels of distribution and customer base,” Needler stated. “The market opportunities available to Gared are significant and we look forward to taking full advantage of them.”
“We are thrilled to have the opportunity to be partnering with Kevin and his team at Gared,” Gen Cap Managing Director Chris Godwin said. “Their culture and expertise position Gared well for significant future growth.”
This is the second acquisition of Gen Cap America’s new Southvest Fund VII within the past two months. Gen Cap exceeded its targeted fund raising for Fund VII, reaching its hard cap of $250 million.
“Business managers partnering with Gen Cap appreciate that during our over 25 year history all of our acquisitions have showed a profit at exit” said Barney Byrd, president of Gen Cap. “We are proud of that record.”
About Gen Cap America, Inc.
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visitwww.gencapamerica.com.
About Gared Holdings, LLC
Based in Noblesville, Indiana, Gared Holdings, LLC is a fast-growing manufacturer and marketer of sports equipment and custom gymnasium solutions. Gared markets its products and services through a strong network of dealers worldwide.