Boot Barn, Inc. Acquired by Freeman Spogli and Management
Irvine, Calif., December 13, 2011 - Boot Barn, Inc., the nation's largest western and work wear specialty retailer, announced today that it has been acquired by affiliates of Freeman Spogli & Co. and Management. Boot Barn was previously a portfolio company of investment firm Marwit Capital.
Founded in 1978, Boot Barn has grown from one store in Huntington Beach, California, to 85 stores in eight states and a growing online presence at www.bootbarn.com. Boot Barn offers western and work boots, jeans, shirts, outer wear, protective work wear, accessories, belts and jewelry. For over 30 years, Boot Barn has solely focused on providing the largest selection of quality, top-brand products including Wrangler, Ariat, Justin, Carhartt, Wolverine, Levi's and Resistol at the best prices.
"We are excited to partner with Freeman Spogli as we embark on the next chapter of our growth plan. Freeman Spogli's expertise in the retail and consumer industries will be an important resource to us as we grow into new markets and expand our e-commerce presence," said Patrick Meany, Chief Executive Officer of Boot Barn, Inc.
The existing management team, led by Patrick Meany, will continue to manage and operate the business.
"Patrick Meany and the entire Boot Barn team have done a fantastic job establishing Boot Barn as the leading destination for authentic western and work wear." said Brad Brutocao, a General Partner of Freeman Spogli. "Boot Barn's customers value the company's broad selection, strong customer service and convenient shopping options both in stores and online. We are pleased to become a long-term investor in the company and look forward to helping Boot Barn continue its growth."
About Boot Barn, Inc.
Boot Barn, Inc., based in Irvine, California, is a leading specialty retailer of western and work wear. Boot Barn operates 85 retail stores in California, Nevada, Oregon, New Mexico, Arizona, Wyoming, Montana, and Colorado and online at www.bootbarn.com.
About Freeman Spogli & Co.
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $2.9 billion in 46 portfolio companies with aggregate transaction value of over $17 billion, and is currently making investments from FS Equity Partners VI, L.P. Freeman Spogli has offices in Los Angeles and New York. For additional information, visit www.freemanspogli.com.
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