Brazos Private Equity Partners has taken a stake in apparel firm Southern Tide.
Terms of the investment, such as dollar amount, were not disclosed other than that Brazos will provide Southern Tide with financial and operations resources to support growth. The investment represents the eighth one for the Dallas-based private investment firm’s third fund.
Southern Tide is a lifestyle brand founded in 2005 by Allen and Dianne Stephenson. Based in Greenville, S.C., the product lines for men, women and children are carried in more than 750 premium specialty retailers across 45 states.
Randall Fojtasek, cofounding partner and co-chief executive officer of Brazos, said, “Southern Tide’s focus on quality and innovative design has created a very loyal consumer following and we look forward to working with the company to continue to grow the Southern Tide brand.”
Allen Stephenson said, “Our focus will continue to be on providing innovative apparel and accessories of exceptional quality that are built with a purpose. We look forward to leveraging Brazos’ consumer expertise and expansive network as we execute on this initiative.”
Baird, a middle-market investment bank, was the financial adviser to Southern Tide.