Patriot Capital Group is pleased to announce a new subordinated debt and equity investment in McCubbin Hosiery, LLC (“McCubbin” or “the Company”). Patriot’s investment supported Guardian Capital Partners’ and McCubbin’s acquisition of Leg Apparel, LLC.
McCubbin (www.mccubbin.com), a 60-year old leading hosiery platform, invested in New York, NY based Leg Apparel. Leg Apparel designs, sources, markets and distributes hosiery under a portfolio of private label, licensed, and proprietary brands. The combination of McCubbin and Leg Apparel creates a preeminent legwear company, collectively representing 14 key brands targeting all major end channels and various age, gender and product categories. The combined portfolio includes licensing for Stride Rite, Pendleton, Life is Good, Nine West, G.H. Bass & Co. and Stanley.
Along with this exciting portfolio of brands, the acquisition provides unique products and price points with the expertise to serve any customer throughout all channels of distribution.