MANHATTAN BEACH, CA, September 11, 2020 – CriticalPoint Capital (“CPC”) announced today it has completed the sale of the assets of Organized SportsWear, a leading manufacturer and provider of custom physical education uniforms, to Spiritwear.com, the nation’s leading source for custom screen printed school apparel. Since 1988, Organized SportsWear has been manufacturing customized silk screen printing and embroidery uniforms, spirit wear and staff apparel to public and private schools and athletic programs throughout California and bordering states. Headquartered in Macon, GA, Spiritwear.com has been delivering customized apparel products for over a decade. Terms of the transaction were not disclosed.
Brad Holtmeier, Partner at CPC stated, “We are proud of all that Organized SportsWear has achieved during our ownership, including strategic acquisitions to further deliver best-in-class customer service to public and private schools throughout California. We are confident that the combination with Spiritwear.com will build on these achievements. Both organizations share the same pillars for success – customization, quality, customer service, and credibility – and together they will continue to lead the market.”
Organized Sportswear was CPC’s first acquisition and laid the foundation for CPC’s private investment practice that combines patient capital with an operationally oriented approach. Since inception in 2012, CPC has made controlling or minority interests in nine portfolio companies and completed 8 add-on acquisitions. CPC’s investment strategy focuses on lower- and middle-market companies, typically with complicated corporate divestitures or other operationally challenging special situations. The firm’s operations team works closely with portfolio company management teams to effectuate operational improvements and other value-creating strategies to position the companies for growth.
Cypress LLP served as legal counsel to CPC.
About Organized SportsWear
Founded in 1988 and headquartered in Cerritos, CA, Organized SportsWear is a leading provider of custom merchandise for schools. The company manufactures physical education uniforms, class and club clothing, and other school spirit apparel with customized silk screen printing and embroidery. www.myosw.com
About CriticalPoint Capital
Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth. CPC’s portfolio is currently comprised of eight platform investments and the firm looks to grow through additional platform and add-on acquisitions. www.criticalpointcapital.com