Alignvest made this investment in partnership with EGADS, led by Gilbert Palter, who will chair the board of directors of Avid Apparel during this next phase of growth. Palter was previously co-founder of Edgestone Capital Partners, one of Canada’s leading mid-market private equity firms.
Avid Apparel, now a division of the Avid group, has announced that it has obtained an investment from Alignvest Management Corporation (Alignvest), in partnership with the EGADS group. Avid Apparel is a leading vertically integrated provider of apparel related services including design, branding, printing, embroidery, manufacturing, marketing and e-commerce.
Alignvest also invited a select group of value-added investment partners to participate in the transaction. This group includes corporate CEOs, incumbent private equity investors and other senior businessmen all with extensive experience in the media and technology industries and all of whom are committed to helping Avid Apparel achieve. realize its full potential, according to a press release from Alignvest.
âThe Alignvest team and its investment partners have strong relationships and unique expertise in business creation, which will undoubtedly help take Avid to the next level. I am delighted with this new partnership and look forward to working closely with the Alignvest team as Avid begins this exciting new chapter â, Jesse Guth, Founder of Avid Apparel noted.
âAfter working a lot with Jesse, it became clear to us that an investment in Avid fits perfectly with Alignvest’s broader mandate. We partner with an ambitious entrepreneur who can leverage our relationships and business building expertise to dramatically accelerate the growth of Avid Apparel. The company enjoys a very attractive business model, has long-standing relationships with a diverse customer base to which it offers considerable value, and is uniquely positioned to capitalize on the rapidly growing social media influencer market. We are extremely happy to partner with Guth and his team and look forward to helping him make Avid Apparel a world class company â, Reza Satchu, Managing Partner of Alignvest noted.
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