Durham, NC – Aiglon Capital Management (“Aiglon Capital”) is pleased to announce that, together with management and Merit Capital Partners, it has acquired Nester Hosiery Inc. (“Nester”) and the Farm To Feet™ brand.
Founded in 1993 and based in Mt. Airy, NC, Nester Hosiery is a leading domestic manufacturer of premium performance outdoor wool socks driven by technology and sustainability. The company produces private label, licensed, and branded socks under its Ballston Spa and Farm to Feet brands. Farm to Feet (www.farmtofeet.com) is an ultra-premium merino wool outdoor sock that uses an all-American recipe: US materials, US manufacturing, and US workers.
“We are excited to be working with the Nester family to continue growing the business and exceeding customer expectations. This is our first investment from our North Carolina value fund, and we could not be happier to be partnering with a very impressive management team. We are committed to continuing its success and facilitating its expansion,” noted Richard Griffin, Managing Partner at Aiglon Capital.
“The team at Aiglon Capital and Merit Capital Partners fully embraces our mission and shares our dedication to excellence and helping our customers achieve their goals,” said Kelly Nester, Nester’s Chief Executive Officer. “We look forward to partnering with them in the years ahead.”
About Aiglon Capital Management
Aiglon Capital Management acquires and grows lower middle-market companies with operating cash flow between $2 million and $20 million. Aiglon Capital’s transactions provide liquidity for individual owners, their families, outside investors, and corporate owners. Founded in 2014 and based in Durham, NC, the firm’s current portfolio includes Nester Hosiery, Consolidated Lumber Company, US Medical Innovations, and Carter-Waters. For additional information, please visit www.aigloncapital.com or contact us at firstname.lastname@example.org.