The private shareholders of HUF Distribution Corporation (HUF) have sold an undisclosed stake in the company to Altamont Capital Partners (ACP). Financial details of this transaction have not been made public.
Los Angeles-based HUF is a designer, marketer and wholesaler of premium apparel, footwear, hats, socks and accessories catering to the streetwear and the skateboard lifestyle. Incorporated by professional skateboarder Keith Hufnagel in 2010, the company has emerged as a leading brand in the skate/street lifestyle category. HUF sells into an expanding customer base including independent skate shops, specialty boutiques, internet-based retailers, specialty retail chains, international distributors and through its own e-commerce website.
ACP is a private equity firm based in the San Francisco Bay area with over US$1 billion in capital, focused on investing in change-intensive middle market businesses. ACP is a generalist firm with deep experience in several verticals including business services, financial services, industrials, healthcare, technology, consumer, retail and aerospace & defense.
Oaklins' team in Los Angeles acted as advisor to the seller in this transaction.
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