Leading medical apparel supplier
Denver, Colorado (April 9th, 2021) – The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Piranha Brands, has successfully partnered with SPUR Acquisitions.
“After decades of building a company from start-up, it was very important to find the right partner to take the company to the next level,” said Scott Richter, co-owner with his wife and founder Sandi Richter. “The team at Forbes knew the business, understood our objectives, and found the ideal partner. We found that the process can be complex, but Forbes was key to getting it done. From identifying the right group to maximizing our value, and ultimately continuing our legacy, Forbes M+A was there from start to finish.”
Doug Freyschlag, Director at The Forbes M+A Group, and Bob Forbes, President, provided M&A advisory services for this transaction. “E-commerce companies with strong technology, good product niches and steady growth remain very attractive in the market,” Freyschlag said. “Piranha is a leader in their field and they will continue to dominate. With the new leadership of Spur and Rob Mossman, I expect them to experience strong growth ahead. In a year of pandemic when there were many limitations to the M&A process, we were pleased to put these two great companies together.”
In addition to Doug Freyschlag and Bob Forbes, the Piranha advisory team included: Associate, Cassie Dobos, and Analyst, John Kiernan.
About Piranha Brands
Piranha Brands is one of the largest suppliers of medical apparel in the United States and a top 500 Amazon Marketplace seller. Piranha brands is the umbrella brand for three companies: Ripcord brands, an e-commerce, brand management agency, representing a diverse range of brands and products. Scrub Authority, the highest-rated and most trafficked healthcare apparel supplier in the promotional products industry, and Cray Scrubs, the premier healthcare apparel retailer in the Rocky Mountain region.
About SPUR Acquisitions
SPUR partners with experienced CEOs and provides the capital and resources to identify, acquire, and operate one of America’s great privately held businesses. SPUR was founded to facilitate the efficient and expedient acquisition of a select group of privately held businesses by professionalizing and institutionalizing the already successful Search Fund model. Our unique model creates great outcomes for all stakeholders. Through decades of experience and many lessons learned the hard way, we know that enduring legacies and long term value is created through a selfless commitment to the business.
About The Forbes M+A Group
The Forbes M+A Group, founded in 2004 with offices in Denver, CO and Salt Lake City, UT is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. The group has over 17 years of experience delivering outstanding results for business owners, entrepreneurs, and investors. Advisors at The Forbes M+A Group have 250+ years of combined experience in international transactions across a wide variety of industries. The Forbes M+A Group has been recognized as a leader within the middle market as a regional M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbes-partners.com or phone at (303) 770-6017.
Media Contact: Sara Cody | +1 (303) 558-1462 | Sara.Cody@forbes-partners.com
For more information on this and other transactions, contact The Forbes M+A Team.