McCarthy Capital’s Prospect Brands buys Duck Head Apparel

Prospect Brands, a portfolio company of McCarthy Capital, has acquired Duck Head Apparel. No financial terms were disclosed. Duck Head is a southern apparel brand.

PRESS RELEASE

GREENSBORO, N.C., Nov. 5, 2013 — /PRNewswire/ — Prospect Brands, LLC today announced the purchase of Duck Head Apparel, expanding its portfolio which also includes Gerbing, a wearable technology company specializing in heated apparel. Duck Head Apparel is one of the oldest apparel brands in the United States. Founded in 1865, Duck Head was the original authentic, southern brand that exudes a gentleman’s sensibility; Duck Head will be offering an array of timeless classic pieces that have come to define recognizable southern style. The Company plans to offer a full lifestyle assortment to include: khakis, knitwear, denim, wovens, sweaters, outerwear, t-shirts, headwear and accessories.
“It is rare in a career to be able to lead such an iconic American brand. I am honored to help write the next chapter of Duck Head’s history by adding the brand to our existing portfolio,” said Tom Nolan, President and CEO of Prospect Brands.
About Duck Head Clothing 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, Tennessee, 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 World War II broke out in 1941, the brothers O’Bryan donated their manufacturing plants to produce nearly five million uniforms for the American men and women fighting for our country. An original, authentic southern lifestyle brand, Duck Head transcends the industry, please visit www.duckhead.com.
About Prospect Brands, LLC Prospect Brands, LLC is a partnership between McCarthy Capital Fund V and Tom Nolan. 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 lower 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 Gerbing Gerbing is a wearable technology company that was founded in 1976 by Gordon Gerbing in a small machine shop outside of Seattle. 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, powersports, and general outdoor activities. Anytime you feel the cold, Gerbing Thermovelocity Protection™ will be there to heat things up. For more information, please visit www.gerbing.com.