Baird's Investment Banking Group is pleased to announce the following transaction:

March 2021
S&S Activewear
Sale to Clayton, Dubilier & Rice
Baird served as the exclusive financial advisor to S&S Activewear on this transaction

S&S Activewear (“S&S” or the “Company”) was recently acquired by Clayton, Dubilier & Rice (“CD&R”). CD&R-managed funds were invested alongside current owners and management to acquire S&S, a leading North American distributor of imprintable apparel and accessories. Terms of the transaction were not disclosed.

S&S is a leading distributor of imprintable apparel and accessories including t-shirts, fleece and sweatshirts, sportswear, outerwear and headwear from over 100 leading brands such as adidas, Champion, Columbia, Bella + Canvas, Next Level Apparel and Gildan. With sales in excess of $1.5 billion, the Company serves tens of thousands of screen printers and embroiders, promotional products distributors, e-decorators and team dealers through the United States and Canada who in turn market decorated apparel to end-consumers. S&S is headquartered in Bolingbrook, Illinois.

Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $30 billion in 99 companies with an aggregate transaction value of more than $150 billion.

For additional information about this transaction, please contact:

Jason Kliewer +1-813-273-8242
Matthew Tingler +1-312-609-4470
Robert Rosenfeld +1-312-609-4971
Brian McDonagh +1-704-553-6611
Les Cheek +1-617-426-5789
Rob Hamill +1-813-273-8243