Q&A On Monomoy's Catalog Roll-Up
Update: This story has been updated to correct the size of Monomoy's latest fund. Today Monomoy Capital Partners announced it acquired Casual Living USA, a Tampa, Fla.-based women's apparel retailer, from its family owners. I spoke with Daniel Collin, Partner with Monomoy, about the deal, which is the first add-on to the firm's catalog apparel platform, Boston Apparel Group. peHUB: You started the platform in July 2008, when you acquired Chadwicks and metrostyle from Redcats Group to form Boston Apparel Group for $25 million. Is this your first add-on to the platform? Daniel Collin: Yes. How many more acquisitions would you like to do on the platform? We're opportunistic. The initial investment has been very successful for us. We took it from a money-losing company to being profitable in 2009. We have capacity to be three times the size of our current business with our distribution, so we're actively looking for add-on acquisitions of direct retailers to plug into our cost structure.
