A Consortium of International Investors Acquires Leading Designer, Manufacturer and Wholesaler of Versatile Lifestyle and Career Apparel from The Gores Group
Intrepid today announced Arlington Global Financial, Ltd.’s acquisition of Big Strike, Inc., a leading designer, manufacturer and wholesaler of casual and career apparel for women. Arlington Global’s shareholders include industry leaders with decades of experience in the apparel industry. Intrepid served as exclusive financial advisor to Arlington Global Financial.
“Big Strike has evolved into a well-rounded collection of product lines sold through some of the largest retailers in the apparel industry. We’re pleased to have had the opportunity to advise this international group of investors to consummate the transaction,” said Marvin Padilla, Head of the Apparel & Retail practice and Managing Director at Intrepid.
The Gores Group acquired Big Strike in May 2011. During the period of Gores’ ownership, the firm acquired the Cynthia Vincent and Tracy Evans brands, and launched its missy sportswear and dress division. The acquisitions and focused growth initiatives helped to expand Big Strike’s addressable market to a more diversified customer base.
Big Strike is a valued partner for major department stores, mid-tier retailers and specialty chains. Founded in 1996 with headquarters in Gardena, Calif., Big Strike’s products are marketed under the Twelfth Street by Cynthia (Cynthia Vincent), Heart Soul, Workshop, Tracy Evans, Sugar High, Soulmates, Free to Love, Halo, Star City, and First Option brands, which are sold through major retail channels.
Intrepid’s Apparel & Retail practice is a focused strategic advisory practice with deep investment banking experience across a broad range of subsectors, including apparel, retail, denim, footwear, action sports, and luxury goods. We specialize in assisting entrepreneurs and business owners prepare for and navigate the constantly evolving transaction landscape.
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About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.