News

Meridian Capital Announces Jacob Ash and Emanuel Geraldo Merger

10 February 2015

Meridian Capital LLC (Meridian) and Brown Gibbons Lang & Company Securities, Inc. (BGL) are pleased to announce the merger of Jacob Ash Holdings (Jacob Ash) with Emanuel Geraldo Accessories (Emanuel Geraldo). In connection with the transaction, Meridian and BGL partnered to serve as the exclusive advisor to the shareholders of Emanuel Geraldo.

Headquartered in Pennsylvania, Jacob Ash is a turnkey provider of attractively designed winter apparel accessories including gloves, headwear, and related products primarily catering to the men’s and children’s markets. The company’s products are merchandised under private label brands of its customers as well as Jacob Ash-owned brands and marketed to a diverse, blue chip roster of retailers.

Emanuel Geraldo, founded in 1982 and headquartered in Montreal, is a premier supplier of fashion-oriented winter apparel accessories for young women and girls. The company designs, sources, and merchandises an extensive line of scarves, hats, headbands, gloves, and mittens. Emanuel Geraldo has strong sourcing and quality control capabilities through its representative office located in Hangzhou, China.

The merger represents a strategic investment for Jacob Ash that greatly enhances its product line, distribution, and sourcing capabilities, expands its geographic reach, and provides for cross-selling opportunities.

Regan Cooper, CEO and co-owner of Emanuel Geraldo, commented, “It was a pleasure working with the Meridian and BGL Consumer Teams. They demonstrated a strong understanding of the nuances of our industry and were able to effectively communicate our story and vision to Jacob Ash. As a result, we were able to achieve the ideal outcome for our team. The partnership with Jacob Ash represents an exciting step for our customers, employees, and supply chain partners.”

Bill Kaczynski, chairman of Jacob Ash, said, “The Emanuel Geraldo team has built an exceptional business that is extremely complementary with Jacob Ash. We are very excited about our future partnership. The merger enhances our product depth, gender mix, geographic reach, and sourcing capabilities, positioning us as the leading provider of apparel accessories to retailers throughout North America.”

Key members of the Emanuel Geraldo management team will remain in their current roles and the original shareholders of Emanuel Geraldo will maintain an ownership position in the combined entity.

Brian Murphy, managing director at Meridian Capital, commented, “We thoroughly enjoyed the opportunity to work with the shareholders of Emanuel Geraldo. Jacob Ash is the ideal partner for Emanuel Geraldo. The combined operation will provide an unmatched solution to retailers seeking a single-source product and merchandising solution for the apparel accessories category.” John Tilson, managing director and Head of BGL’s Consumer Team, added, “Rarely have we seen two companies that fit ‘hand in glove’ in so many aspects like the combination of Jacob Ash and Emanuel Geraldo, and we look forward to working with the combined team in the future.”

Meridian Capital and Brown Gibbons Lang are both members of Global M&A Partners, Ltd., a leading international partnership of investment banking firms. Global M&A Partners has 34 members and provides unparalleled middle market investment banking services to clients in over 50 countries.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Environmental & Energy Services, Healthcare & Life Sciences, Human Capital Management Outsourcing, Industrials, Metals & Metals Processing, Plastics & Packaging, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Newport Beach, San Antonio, and Tampa, in addition to Global M&A Partner, Ltd. offices in more than 50 countries across five continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.