Intrepid Investment Bankers, a leading middle-market investment bank, announced today that it acted as the exclusive financial advisor to Pukka, Inc. on its sale to Paramount Apparel International, LLC dba Imperial, a portfolio company of private equity group CPC Management.
With more than two decades of experience, Pukka has become a leading designer and distributor of custom headwear to the golf, corporate, brewery & restaurant, team sports, and destination leisure end markets. Since its founding in 2003, Pukka has grown to serve more than 6,400 customers annually through a commitment to provide high-quality, fully customizable products at industry-low minimum order quantities.
“We believe Imperial is the optimal partner for Pukka as it begins this next exciting chapter,” said Shawn Rogers, Founder and CEO of Pukka. “As the two market leaders in custom headwear, Pukka and Imperial will elevate each other, and we are excited to witness the success of the combined business.”
Pukka’s unmatched headwear personalization capabilities, paired with its ability to successfully serve end markets that possess different design, production, and value-added service requirements, required finding an advisor who understood how to position a multi-market business with a premium product portfolio. “The Intrepid team went above and beyond at every stage of the process. We are thankful for their tenacious efforts in getting the deal across the finish line. This was a great outcome for Pukka, Imperial, and CPC, and we could not be more excited for what the future holds,” said Andrea Mathias, President of Pukka.
“For over 30 years, the Pukka team has made a lasting impact on the decorated apparel industry, and we were honored to serve as an advisor and strategic resource to such an industry leader,” said Marvin Padilla, Managing Director at Intrepid. “We congratulate Imperial and CPC on the transaction and look forward to watching Pukka’s continued success under its new ownership.”