Top manufacturer of turnout gear finds growth partner in private equity firm
Deal Flash
The shareholders of INNOTEX, a leading turnout gear manufacturer based in Canada, have sold a majority stake to Clearspring Capital Partners.
INNOTEX focuses on developing, manufacturing and distributing high-quality turnout gear designed for firefighters. Its expertise lies in providing protective clothing, such as turnout coats, pants, hoods and gloves, which are durable and offer freedom of movement in challenging and demanding situations. Established in 1999, the company serves some of the largest fire departments in the United States, Canada and various other countries, in addition to manufacturing clothing for the military.
We would like to sincerely thank the Oaklins team for their dedicated work throughout the sale process of Innotex, and especially in the final weeks of negotiations leading up to the closing. They ran a tight process, were able to put many interested buyers in competition, and helped us find a great partner for the next phase of growth of our company. We would certainly recommend other business founders and owners work with Oaklins when the time comes to sell their business.LOUIS CARPENTIER, PRESIDENT, INNOTEX, CANADA
Oaklins' role in facilitating the deal was vital to its success
Oaklins’ team in Canada was retained as the sole sell-side financial advisor for this transaction. Oaklins Intrepid, based in Los Angeles, also played a crucial role in the transaction with its personal protective equipment expertise and established industry relationships. This allowed Oaklins to distinguish itself from other organizations during the pitch, and to run an efficient and successful process for Innotex.
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