Shareholders at US manufacturer of military and rugged footwear Wellco Enterprises, Inc. have approved the proposed merger between Wellco and a corporation organised by Golden Gate Capital and Integrity Brands. The merger remains subject to customary closing conditions.

Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $3.4 billion of capital under management. Integrity Brands is a Boston-based investment firm focused exclusively on the consumer brand and retail sectors.