Huron Capital invested $40 million in Sock & Accessory Brands Global, recapitalizing the Mocksville, N.C.-based firm, which will continue to be led by founder and chief executive officer Jeff Arnold.
Huron operating partner Jim Clegg also joined the firm as executive chairman and president.
Sock & Accessory Brands designs and markets casual and athletic socks sold in footwear retailers, sporting goods stores, department stores and mass retailers. Its licensed brands include Eddie Bauer and Crocs.
“Partnering with Huron will give us resources to grow operationally and drive our market leadership in design and customer service,” Arnold said.
Huron, a Detroit-based private equity firm, invests in middle-market firms and since 1999 has taken stakes in 56 companies across a number of sectors.