Polartec owner buys Eastern Mountain Sports - sportstextiles: Lea SportsTextiles

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Polartec owner buys Eastern Mountain Sports

28/11/2012
US-based outdoor retailer Eastern Mountain Sports has become the latest in a string of retailers that have come under the control of private equity firms.

The 69-store company has been bought by Versa Capital Management, an investment firm with $1.2 billion of assets and whose portfolio includes performance textile manufacturer Polartec and activewear retailer Bob’s Stores. Mark Walsh, a Versa principal and chairman of Bob's Stores, has been appointed chairman of EMS’s board.

"EMS brings a 45-year history of marketing products for serious outdoor enthusiasts; as such, it is a natural fit for our existing expertise in both the retail and outdoor sectors," said Gregory Segall, CEO of Versa Capital. "With a new capital structure and the other resources that Versa can offer, EMS will have many new opportunities to develop its branded products and better serve its customers."

EMS chief executive Will Manzer added: “Versa’s acquisition strengthens our future, and I am excited about the prospects before us.”

Headquartered in Peterborough, EMS has retail locations in 12 states and employs about 1,500 people.

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