S&S Activewear (PPAI 256121, S12) announced today that it has acquired Pompano Beach, Florida-based supplier TSF Sportswear.
Reasoning: For S&S, the acquisition gives the Bolingbrook, Illinois-headquartered company greater access to markets in the southern U.S., while TSF’s customers benefit from S&S’s brand offerings and deep inventory of products in its nationwide network. TSF has operations and warehouses in Florida, Puerto Rico, Alabama and Texas.
What They’re Saying: “We’re very pleased to have TSF join the S&S family. There’s a great fit between our two businesses. TSF brings some amazing talent as part of this new partnership, and we are confident the acquisition will add a great deal of value to TSF’s loyal customer base,” says S&S CEO Jim Shannon.
“By bringing TSF’s operations into S&S, we are solidifying our leading position in the apparel distribution market,” says S&S President Frank Meyers.
“Joining forces with S&S gives us access to new technologies and resources, and a greater depth of inventory and brands. It’s a very mutually beneficial agreement, and we look forward to our new partnership,” says John Feinberg, owner and president of TSF Sportswear.
Important To Note:
- In January 2021, S&S itself was acquired by a private equity firm. It already was home to some 2,000 employees, notching approximately $1.5 billion in sales.
- S&S announced a new president and incoming CFO in December.
- In November, the company made an even larger acquisition.
What’s Next: S&S plans to retain TSF’s south Florida and Puerto Rico locations, and expand their inventory and SKU selection. TSF also has a facility in Arlington, Texas, which will be folded into S&S’s Fort Worth location. Merging the Texas operations gives TSF’s southern and western customers access to an additional 375,000 sq. ft. of inventory and brands.
