INNOTEX has been acquired by Clearspring Capital Partners

INNOTEX, a manufacturer of personal protective equipment for firefighters and first responders, has completed a strategic partnership with Clearspring Capital Partners.

INNOTEX focuses on developing, manufacturing and distributing high-quality turnout gear designed for firefighters. Its expertise lies in providing protective clothing, such as turnout coats, pants, hoods and gloves, which are durable and offer freedom of movement in challenging and demanding situations. Established in 1999, the company serves some of the largest fire departments in the United States, Canada and various other countries, in addition to manufacturing clothing for the military.

Clearspring Capital Partners is a leading Canadian mid-market private equity firm that invests in and acquires medium-sized companies through buy-outs, growth and acquisition financings, going-private transactions, industry consolidations, restructurings, recapitalizations and other types of transactions.

Oaklins’ team in Canada was retained as the sole sell-side financial advisor for this transaction. Oaklins Intrepid, based in Los Angeles, played a crucial role in the transaction with its personal protective equipment expertise and established industry relationships. This allowed Oaklins to distinguish itself from other banks during the pitch and run an efficient and successful process for INNOTEX.