Route One Apparel Acquired by Maryland Brand Management in Strategic Deal
Deal News | Jan 27, 2025 | EIN
Tower Partners, a prominent private investment bank specializing in the lower middle market, has successfully executed the sale of Route One Apparel to Maryland Brand Management. Route One Apparel, known for its Maryland-themed clothing and merchandise, was founded by Ali von Paris in her college dorm room back in 2010. The acquisition was announced in Columbia, MD, with Route One's founder, Ali von Paris, transitioning to Chief Visionary Officer in the newly combined entity. Maryland Brand Management, based in Baltimore, focuses on promotional product distribution, expanding their product range to include clothing, backpacks, and more. This strategic acquisition ensures Route One Apparel's growth under the supportive umbrella of Maryland Brand Management and its CEO, Garrett Pfeifer. Tower Partners, which represented Route One in the transaction, has a robust history of executing over 300 deals, reflecting its entrenched position in the financial market. The terms of the deal were not disclosed.
Sectors
- Investment Banking
- Apparel and Merchandise
- Promotional Product Distribution
Geography
- United States – The companies involved in the transaction, such as Route One Apparel and Maryland Brand Management, are based in Maryland, United States.
- Maryland – Both Route One Apparel and Maryland Brand Management are headquartered in Maryland, making this the focal state for the acquisition.
Industry
- Investment Banking – Tower Partners operates within the investment banking industry, providing services and executing deals for entrepreneurial-led businesses in the lower middle market.
- Apparel and Merchandise – Route One Apparel is part of the apparel and merchandise industry, specializing in Maryland-themed products.
- Promotional Product Distribution – Maryland Brand Management focuses on distributing promotional products, including apparel and other branded products.
Financials
- Undisclosed – The terms of the acquisition deal between Route One Apparel and Maryland Brand Management have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Route One Apparel | Target Company | Company | A Maryland-based company that sells Maryland-themed apparel and merchandise, founded by Ali von Paris. |
| Maryland Brand Management | Bidding Company | Company | A Baltimore-based company specializing in promotional product distribution, and the acquirer of Route One Apparel. |
| Tower Partners | Corporate Finance | Company | An investment bank specializing in the lower middle market, represented Route One Apparel in the transaction. |
| Ali von Paris | CEO and Founder | Person | Founder of Route One Apparel, will take on the role of Chief Visionary Officer in the combined companies. |
| Garrett Pfeifer | CEO | Person | CEO of Maryland Brand Management. |
| Ervin M. Terwilliger | CEO and Founder | Person | CEO and founder of Tower Partners. |