Work Gloves Company
Structure significant non-control junior capital investment in support of a growth recapitalization
The Company designs, sources, and distributes branded and private label products, primarily work gloves and umbrellas, and is a leading supplier of work gloves to retailers in the U.S. With over 300 products marketed under 70 trademarks, the company is the pioneer and largest supplier in the “high performance” work glove category.
To effectuate the transaction, Falcon collaborated with the new independent sponsor, the owners/operators and the incumbent investor group. Falcon provided a flexible capital solution, investing in subordinated debt and preferred stock to support the growth recapitalization.