Bank Watch

Charlotte’s Falfurrias invests in company that customizes clothing

Marc Oken, co-founder of Charlotte-based private equity firm Falfurrias Capital Partners, which on Tuesday announced it has purchased a controlling interest in a company that specializes in screen-printing clothing for Harley-Davidson, Nike and other clients.
Marc Oken, co-founder of Charlotte-based private equity firm Falfurrias Capital Partners, which on Tuesday announced it has purchased a controlling interest in a company that specializes in screen-printing clothing for Harley-Davidson, Nike and other clients.

Charlotte-based private equity firm Falfurrias Capital Partners said it has bought a controlling interest in a company that specializes in screen-printing clothing for Harley-Davidson, Nike and other clients.

Falfurrias, founded in 2006 by former Bank of America executives Hugh McColl Jr. and Marc Oken, on Tuesday announced its stake in Green Distribution, which has locations in New Jersey and Virginia. Terms of the deal were not disclosed.

Launched in 2009 as a distributor of branded merchandise, Green’s other services include printing customized labels for branding apparel and applying heat transfers to decorate apparel. Falfurrias said Green has more than 500 employees and that its customer base includes many small- and mid-sized businesses.

In a statement, Oken said Green Distribution has flourished in the apparel market, which Oken said values customization and quick turnaround times.

It’s the latest deal for Falfurrias, which focuses on acquiring or investing in growth-oriented middle-market companies.

Falfurrias has previously noted it typically hangs on to its investments for four to five years. In 2011, for example, it sold Charlotte fried-chicken chain Bojangles’, which it acquired in 2007.

Deon Roberts: 704-358-5248, @DeonERoberts

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