Deal Details

Koozie Group Is Acquired by Garyline

Consumer

Koozie Group, a portfolio company of H.I.G., sale to Garyline, a portfolio company of Mill Point

Summary

Scribe Opco, Inc. (d/b/a Koozie Group) (the “Company”), a portfolio company of H.I.G. Capital (“H.I.G.”), has been acquired by Garyline, LLC (“Garyline”), a portfolio company of Mill Point Capital LLC (“Mill Point”). Terms of the transaction were not disclosed.

Koozie Group and Garyline will combine to create one of the largest and most diversified suppliers of Made-in-USA promotional products.

Baird served as financial advisor to Koozie Group on this transaction.

About

Koozie Group is one of the largest suppliers in the promotional products industry. Koozie Group designs, creates and produces reliable products and offers services that support and build brand legacies. The Company’s portfolio of 40+ brands across 10+ product categories includes powerhouse names like Koozie®, KAPSTON®, BIC®, Souvenir® and Triumph® alongside iconic retail-brand partners Champion®, JAM®, Tervis®, Titleist® and Leatherman® – to name a few. Koozie Group drives industry innovation with over 100+ new products annually, 75% of which have a sustainability stance, developed with an industry-leading commitment to product safety, social responsibility, supply chain security and environmental stewardship. Koozie Group operates five manufacturing facilities across the U.S. and is headquartered in Clearwater, Florida.

H.I.G. is a leading global alternative investment firm with ~$69 billion of capital under management. With offices in Miami, Atlanta, Boston, Chicago, Los Angeles, New York and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. H.I.G. is headquartered in Miami, Florida.

Established in 1963, Garyline is a vertically integrated manufacturer of promotional products of the highest quality and a leading price competitor to top distributors nationwide. Garyline distinguishes itself through its dedication to excellence, exceptional service, strong focus on recycled products and meeting its customer's delivery requirements. The firm is widely recognized by industry associations, including as an ASI Top 40 Supplier with a 5-Star Overall Supplier Performance Rating. Garyline is International Sustainability & Carbon Certified (ISCC) and audited annually for post-consumer recycled content. Garyline is headquartered in Spring Hill, Florida.

Mill Point is a private equity firm focused on control investments in lower-middle market companies across the Business Services, Industrials and IT Services sectors throughout North America. Mill Point’s experienced team of investors, Executive Partners and Functional Experts seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is headquartered in New York, New York.

Consumer

Koozie Group, a portfolio company of H.I.G., sale to Garyline, a portfolio company of Mill Point