FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce the successful recapitalization of its client, Jacob Ash Holdings Inc (Jacob Ash or “the Company”). Meridian Capital, in collaboration with Brown Gibbons Lang & Co, served as the exclusive financial advisors to the Company.
Huntington Capital Investment Company, Tri-W Global and the Reinsurance Group of America funded the financing. The recapitalization provides the Company with fresh capital to support the growth objectives and strategic initiative of management and the financial sponsor group.
ABOUT JACOB ASH HOLDINGS, INC
Founded in 1930, Jacob Ash Holdings is a privately held company with an established board of directors since 2004, servicing the cold weather market. In 2014, Jacob Ash acquired Emanuel Geraldo, a 30-year leader in women’s cold weather and fashion accessories. The company produces and sells apparel and accessories such as hunting gloves, head and rain wear, backpacks, waders, fishing vests, dress, ski and sports gloves, sweaters and casual apparel. Jacob Ash Holdings serves customers throughout North America.
“We’ve been working alongside Meridian Capital and BGL for many years in a collaborative relationship. They have been a key resource in helping us identify, analyze and pursue a variety of creative and customized financing strategies. With the refinancing, we have brought on new capital partners that are highly supportive of the company’s management team and growth strategy.”
Bill Kaczynski, Chairman, Jacob Ash Holdings, Inc.
The transaction representscontinued momentum for the Meridian Capital Consumer Practice Group. Jacob Ash represents the firm’s third completed consumer transaction in 2018.