COSTA MESA, Calif. - February 27, 2004 -- Superior Uniform Group, Inc. (AMEX: SGC) of Seminole, Fla., has completed the acquisition of UniVogue, Inc., a privately held company in Dallas, Texas. Transaction terms were not publicly disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Univogue, Inc.
"Superior Uniform Group's acquisition of UniVogue represents a strategic acquisition aimed at expanding Superior Uniform Group's penetration into the hospitality market," said Randy Krauthamer, senior managing director of RSM EquiCo Capital Markets.
About UniVogue, Inc.
UniVogue , established in 1968, designs and manufactures uniforms for the hospitality, lodging and culinary industries. Operating from a single facility, the company has more than 1,100 customers, including Walt Disney World, Wyndham Hotels & Resorts, Hilton, Holiday Inn Express, Romano's Macaroni Grill and Avendra, the largest procurement service company serving the hospitality industry in North America and the Caribbean. Over the past three years, UniVogue has achieved a compound annual growth rate of approximately seven percent.
About Superior Uniform Group, Inc.
Superior Uniform Group , founded in 1920, manufactures and sells a range of apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Its principal products are uniforms and service apparel for hospitals and health facilities, hotels, commercial buildings, residential buildings, foodservice facilities and safety and security organizations. Superior Uniform Group also manufactures products such as operating room masks, boots, sheets, industrial laundry bags, and corporate and resort-embroidered sportswear. During the 12 months ending September 30, 2003, Superior Uniform Group recorded revenues of approximately $136.6 million and operating income of approximately $9.3 million.
About RSM EquiCo, Inc.
RSM EquiCo is a leading global investment banking firm serving private middle-market companies throughout North America. With more than 400 professionals and support personnel, the firm specializes in mergers, acquisitions and divestitures for non-public companies with up to $500 million in annual revenues. Based in Costa Mesa, Calif., RSM EquiCo is part of RSM McGladrey Business Services, a business segment of H&R Block Inc. For more information, log on to www.rsmequico.com.