Durham, NC – October 15, 2021 – Aiglon Capital is pleased to announce that, together with management and Merit Capital Partners, it has acquired Propét Footwear (“Propét”). This transaction is Aiglon’s 8th investment and highlights Aiglon’s investment strategy of partnering with founders and management teams to build market-leading manufacturing and distribution companies.
Headquartered in Auburn, WA, Propét is one of the premier designers, manufacturers, and distributors of comfort footwear for hard-to-fit feet across an extensive range of sizes and widths. Propét sells its products through traditional wholesale, retail, and e-commerce channels, through online marketplaces via dropship, and through medical providers. Since its founding in 1985, Propét has demonstrated a track record of profitable growth by offering its customers a diverse product portfolio that features stylish designs with options to alleviate discomfort and address foot-related medical conditions. Propét’s more than 500 styles for men and women support a wide range of activities.
About Aiglon Capital
Aiglon Capital is an operationally-focused private investment firm founded in 2014 that acquires, manages, and grows lower middle-market manufacturing, distribution, and services companies with annual EBITDA between $5 million and $20 million. Aiglon Capital seeks to invest in companies with attractive positions in their markets, where capital is necessary to enhance future growth of the business or current owners seek liquidity.
We are long-term investors who believe that business success is based on integrity, focus, and experience. We care about the customers, the employees, and the communities of the firms we acquire, and we work hard to protect their interests throughout the acquisition process and while under our leadership. We believe these qualities make Aiglon an attractive partner to increase the value of a business. For more information please go to www.aigloncapital.com.