Financial News
DENNIS Uniform, an SBJ Capital Portfolio Company, Completes Acquisition of Mills
DENNIS Uniform ("DENNIS"), the nation's leading custom school uniform provider and a portfolio company of SBJ Capital, announced the acquisition of Mills Uniform Company ("Mills"). DENNIS and Mills have more than 175 years of combined knowledge and experience servicing the nation's top school uniform programs from coast to coast. DENNIS and Mills are excited to move forward together with their aligned values, quality products, and the most talented team of uniform experts in the industry. All Mills employees have been retained in the combined business. This solid foundation, paired with a track record of consistent and dependable service, should power a strong future for DENNIS and Mills.
Suzette Mills, owner of Mills and granddaughter of founder Sue Mills, will continue as a board member, shareholder and executive in the combined business. "I've known and respected the team at DENNIS and their excellent operation for many years," she says. "All of us at Mills are looking forward to strengthening our service offering and we're already seeing positive results from sharing knowledge with our expanded uniform 'brain trust.' I look forward to continuing to deliver great service and products to our schools and their families for years to come."
"We have admired and respected Suzette and her team at Mills for many years," said Gary Serra, CEO at DENNIS Uniform. "It goes without saying, but it has always been our belief that DENNIS and Mills were meant to partner as one given our similar standards, geographic crossover and shared belief in making school uniforms easy."
Patrick Muller, Vice President at SBJ Capital, added, "The combination of DENNIS and Mills further solidifies our platform as the leader in the school uniform industry. The company has now grown revenue more than 60% since our initial partnership with DENNIS. This growth has allowed us to continually reinvest in systems and people to help achieve our collective goal of providing schools and parents with the best possible uniform experience."
About DENNIS
DENNIS Uniform was established in 1920 in Portland, Oregon. DENNIS serves over 2,000 schools in the US through its 30+ retail stores and online store. Please visit dennisuniform.com for more information.
About Mills
Mills Uniform Company was established in 1947 in San Francisco, California. Mills serves over 125 premier private schools in the US through its seven retail stores and online store. Please visit millswear.com for more information.
About SBJ Capital
SBJ Capital is a private investment firm with approximately $400 million of capital under management, focused on investing in founder and family-owned consumer and services companies. SBJ provides thoughtful strategic advice, domain expertise and a partnership-oriented approach to support the goals of entrepreneurs, owners and management teams. SBJ was founded by an experienced team of professionals with a track record of growing companies both as principal investors and as operating executives. Please visit www.sbjcap.com for more information.
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Original Source: DENNIS Uniform, an SBJ Capital Portfolio Company, Completes Acquisition of Mills
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