Buyout firm Kelso explores sales of Augusta Sportswear -sources
NEW YORK, May 26 (Reuters) - Private equity firm Kelso & Co is exploring a sale of Augusta Sportswear Brands in a deal that could value the U.S. ca...
NEW YORK, May 26 (Reuters) - Private equity firm Kelso & Co is exploring a sale of Augusta Sportswear Brands in a deal that could value the U.S. catalog seller of team sports uniforms and apparel at between $700 million and $800 million, including debt, according to people familiar with the matter. Kelso is working with investment bank Robert W. Baird & Co on an auction process for Augusta, the sources said. Augusta generates roughly $80 million in 12-month earnings before interest, taxes, depreciation and amortization, the sources added.