J. America, Inc. Announces Investment By Blue Point Capital Partners
Apparel supplier J. America, Inc. (UPIC: Blanks) has announced the recapitalization of the Webberville, Michigan, company in partnership with Cleveland-based private equity firm, Blue Point Capital Partners. J. America has served the licensed apparel and promotional products industry for more than 20 years and was founded by Jeff Fenech, Jeff Radway and Peter Ruhala, who will continue to run the business and own a significant stake in the company.
J. America will be the sixth platform investment for Blue Point III, the firm’s third middle-market buyout fund.
“J. America has been on a rapid growth path, doubling revenues to over $100 million in the past five years,” says Fenech. “Blue Point’s strategic focus, e-commerce expertise and access to significant resources both in the U.S. and in Asia will further enhance our ability to provide industry-leading designs in apparel and headwear to our customers. We have great opportunities ahead of us to grow our business and are very excited about working with the Blue Point team to take advantage of them.”
Blue Point, with additional offices in Charlotte, Seattle and Shanghai, typically recapitalizes businesses in partnership with management, as is the case with J. America. Chip Chaikin, a partner with Blue Point, says, “J. America is unique in its ability to grow quickly in both the licensed and wholesale blanks apparel and headwear markets. With a groundbreaking exclusive partnership with Ohio State University and strength in product design and sourcing, J. America is very well-positioned to continue that growth. We want to help bring tools to the company to enable them to double revenues again over the next five years. We look forward to a successful and rewarding partnership with its talented management team.”