DALLAS, May 11, 2022 (GLOBE NEWSWIRE) — TEAM Partners, LLC, a Dallas-based non-public funding agency, introduced that it has accomplished a recapitalization of Nexbelt, LLC (“Nexbelt” or the “Company”) in partnership with the Company’s founders. Financial phrases of the transaction weren’t disclosed.
Nexbelt, primarily based in Rancho Cucamonga, CA, is one of the originators of the ratchet belt within the U.S. The Company supplies a patented, “cut to fit” belt with no holes utilizing high-quality supplies and distinctive, modern designs. Nexbelt makes trendy belts for fashion-conscious fanatics centered on golf, outdoor, on a regular basis carry, gown and informal put on. Nexbelt’s merchandise are offered via its personal web site, premier golf programs all through the U.S., main impartial native and regional retailers, enthusiast-oriented shops, and different on-line companions.
The distinctive ratcheting system permits wearers to regulate the belts in ¼-inch increments and supplies the very best really feel, match, and vogue obtainable. The golf line consists of fashionable sequence resembling Go-In!, Fast Eddie, Braided, and Newport, in addition to the flexibility to customise with particular person logos or manufacturers. Over 40 skilled golfers put on Nexbelt merchandise, together with Jim Furyk, Kevin Na, and Marc Leishman.
The searching and outside line makes use of the identical high quality ratchet system however is constructed out of premium nylon materials that’s sturdy, versatile, and extremely purposeful for holding tactical equipment. Popular sequence for this line embrace the Supreme and Titan.
Eddie Rowland, co-founder, commented, “More than a dozen years ago, I was on a family trip in Asia and saw the concept. I knew we could deliver a premium quality, next-generation belt that would be superior to any other option on the market. We are incredibly proud of what we have built to this point and are embarking on an exciting 2022 with seven new products. The Company is thrilled to partner with a top-tier financial group to accelerate our growth and allow Nexbelt to reach its full potential.”
“It is not often that you have an opportunity to invest with such high-caliber people who deliver a superior product and value proposition to consumers,” stated David Mann, Managing Partner of TEAM Partners. “Nexbelt is a gem of a company and fits the key criteria that we seek in new platform investments – family-owned, owner-operated business with a differentiated product and a compelling macro growth thesis. We could not be more excited to partner with Eddie, Francis, Tom, and the rest of the Nexbelt team.”
About Nexbelt
Nexbelt is a number one supplier of ratchet belts and equipment within the U.S. The firm has a complete choice of premium-quality belts concentrating on fanatics in golf, searching, outdoor, and on a regular basis put on. Please go to https://www.nexbelt.com.
About TEAM Partners, LLC
TEAM is a Dallas-based non-public funding agency that invests in worthwhile, family-owned and owner-operator companies typically with as much as $100 million in income. We give attention to alternatives by which we will add worth from our strategic, operational and monetary sources. Since 2000, our principals have acquired greater than 30 corporations throughout quite a few industries, together with shopper merchandise, industrial and business companies. For further data, please go to www.teampartnersllc.com.
Contact:
David Mann
TEAM Partners
214.621.0192
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