New Mountain Capital Invests in Strategic Partners

CHATSWORTH, CA and NEW YORK — Strategic Partners, a leading designer and distributor of workplace uniforms, footwear and accessories sold across all retail channels, has partnered with New Mountain Capital, a NY investment firm that currently manages over $15 billion of private equity, public equity and credit assets. New Mountain is investing alongside SPI senior management, who founded the business over 20 years ago.

Strategic Partners designs, sources, markets and distributes high-quality uniforms, footwear and accessories to various types of retailers, with its products available in over 50 countries, as well as online. The Company is the leading provider of medical scrubs sold through retail to healthcare personnel with several of the industry’s most recognized brands.  SPI also is a leading licensing partner for uniforms.  SPI’s brands are consistently recognized as market leaders in quality, comfort, and innovation. Through SPI’s state-of-the-art infrastructure, the Company benefits from a flexible and scalable sourcing model, ensuring reliable service for its customers. SPI complements this network with an industry-leading breadth of product offering, providing unparalleled convenience and value to its partners.

“The SPI team has developed a proven growth strategy and we are excited to put additional resources behind this strategy to grow and expand the business,” said Mat Lori, Managing Director at New Mountain Capital. “We look forward to working closely with management over the coming years to support the realization of the Company’s full potential by investing in growth and supporting new strategic initiatives that capitalize on SPI’s customer relationships, scalable infrastructure and management capabilities.”

“New Mountain is the ideal partner to help SPI achieve the next level of growth,” said Mike Singer, Chief Executive Officer of SPI. “New Mountain has a long track record of supporting business building, and we will have significant resources to achieve our strategic objectives. We look forward to our partnership and the benefits it will yield for our retail partners, end consumers and employees.”