Intrepid announced today that it served as the exclusive financial advisor to Propét USA, Inc. (Propét) on the sale of its U.S. and Canadian footwear business to Merit Capital Partners and Aiglon Capital Management. Propét is a leading supplier of comfort footwear products across an extensive range of sizes and widths, selling through various major retailers, online marketplaces, and medical establishments with powerful dropship capabilities. The company is driven by a mission to offer quality footwear for hard-to-fit feet with over 500 styles to support a wide range of activities. Founded in 1985, Propét has a rich heritage in designing, developing, and selling quality shoes for anyone seeking healthier and more dependable footwear.
Robert Propét, Founder and CEO of Propét, shared: “We are extremely excited to be partnering with Merit and Aiglon in this next chapter of our company’s growth. The industry knowledge and manufacturing expertise that both parties bring to the table will provide Propét with an extraordinary advantage in the market and continue to build upon our company’s core mission and values.”
“It has been a great honor to work with Robert and his family throughout this process, and I could not be happier with the outcome,” said Marvin Padilla, Managing Director and Head of Lifestyle Brands at Intrepid. “Propét is an incredible brand that has shown significant growth over the years.” “We believe that the partnership with Merit and Aiglon will help Propet unlock future growth potential by combining the company’s strong brand and operational expertise with the depth of experience Merit and Aiglon have in growing businesses,” said Brian Levin, Director at Intrepid. “We look forward to following the company’s future success.”
Deal Team Contacts
About Intrepid’s Lifestyle Brands Practice
Intrepid’s Lifestyle Brands practice combines decades of experience assisting businesses with a passion driven consumer brands across categories including apparel, accessories, footwear, and retail with expert execution in various transaction types, including capital raises, mergers, acquisitions, and divestitures. We maintain deep relationships with strategic acquirers, private equity investors, and leading executives active in the industry.