Argosy Acquires Parker School Uniforms
On June 25, 2015, Argosy supported management in their buyout of Parker School Uniforms, LLC.
Parker, founded in 1931 with headquarters in Houston, Texas, is the leading provider of premium school uniforms to private and charter schools across the Sunbelt region of the United States including Texas, California, Oklahoma, Kansas, Alabama, Mississippi, Georgia, Tennessee, and Kentucky. The Company leverages its vertically integrated supply chain, as well as, a unique product sourcing model to provide high-end uniforms to a client base of prestigious private and charter schools. By offering an unrivaled combination of quality, customization and customer service, Parker has transformed the uniform business into a critical outsourced service.
Parker utilizes an expansive brick and mortar presence in the form of 44 strategically located fitting and fulfillment locations, as well as, online ordering to offer an unparalleled level of customer service. The Company has developed the supply chain and strategic relationships necessary to provide each school account with quality, made-to-order products at a reasonable price.
“I am very pleased to have completed this transaction and look forward to continuing to grow Parker in the coming years. Parker’s longstanding commitment to customer service and growth is a great fit with the investment teams at Argosy, Salem and Plexus. I look forward to working with them.” commented Parker CEO Troy Pike.
Salem Investment Partners and Plexus Capital also provided a combination of subordinated debt and equity to support the transaction.