Men’s shoe manufacturer Allen Edmonds Corp. was sold to private equity firm Brentwood Associates for an undisclosed amount.
The footwear firm had been acquired by a different private equity firm, Golden Hawn Johnson & Morrisson, in 2006.
Paul Grangaard, president and chief executive officer, will remain with the firm, as will the rest of the management team.
Allen Edmonds branded footwear is known for its “Made in America” stance, with the shoes made north of Milwaukee. The firm reportedly had been eyed by Men’s Wearhouse, which was said to be interested in acquiring Allen Edmonds to broaden its offering. Observers also believed it was a tactic Men’s Wearhouse was adopting to thwart an unwanted takeover bid from Jos. A. Bank.