Nashville, Tenn., January 17, 2017 – Officials with Gen Cap America, Inc. announced today the company has partnered with management in an acquisition of Gared Holdings, LLC, a company based in Noblesville, Ind., that operates under the Gared Sports, Performance Sports Systems and Gared International brand names. Terms of the transaction were not disclosed.
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. The company 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 the company’s daily operations.
“The company 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 said. “The market opportunities available to the company 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 the company well for significant future growth.”
Gen Cap America is a leader in the middle-market buyout niche in the Southeast. This is the second acquisition for the company’s new Southvest Fund VII, announced earlier this year. Gen Cap exceeded its targeted fund raising for the fund, 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, visit www.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.