Founder Sport Group Acquires Teamwork Athletic Apparel
Teamwork Athletic Apparel (PPAI 228450), a supplier based in San Marcos, California, has been acquired by Statesville, North Carolina’s Founder Sport Group, parent company of supplier Badger Sports (PPAI 255286), Alleson Athletic and Garb Athletics.
Teamwork serves team uniform dealers and decorators with stock, sublimated and licensed apparel. John Anton, chief executive officer of Founder Sport Group, says, “Teamwork is a perfect strategic fit for us. With Teamwork, we're adding the industry leader in quick-turn custom sublimation and increasing our production capacity. We'll also be able to apply Teamwork's patent-protected technology to improve delivery times across all the brands within our portfolio."
The company also brings Founder Sport Group new licensing agreements with over 600 organizations, including a host of colleges, fraternities and sororities.
Matt Lehrer, co-owner of Teamwork, says joining with Founder Sport Group will better enable Teamwork to prosper in a changing and consolidating industry. He adds, "We are thrilled to become part of the Founder Sport Group family and look forward to the opportunities that will arise from the scale, growth capital, marketing and sales capabilities Founder Sport Group brings."
Teamwork is the third acquisition completed by Founder Sport Group in less than a year. The company acquired Alleson Athletic and Garb Athletics late last year. Anton says, “We are moving fast because we see terrific opportunities for growth in this industry. The long-term winners will be companies that offer a broad range of complimentary products, harness digital technologies to aggressively shorten delivery times, invest in new product development and consistently deliver best-in-class customer service.”