Altamont Capital Leads Strategic Investment in Hybrid Apparel
Altamont Capital Partners finished the year with the announcement that it made an investment in another clothing business.
On Dec. 22, the Palo Alto, Calif.–headquartered private equity firm announced that it led a group of investors to invest in Hybrid Apparel, a Cypress, Calif.–based full-service apparel house that makes all categories and classifications of apparel, which include knits, woven tops, bottoms, tees and accessories, according to a Hybrid statement. The company has worked with brands such as Levi’s and Reebok.
Altamont made headlines this year with a string of investments. On Oct. 31, it announced that it invested in Huf Worldwide, a leading skate brand. On Dec. 12, it announced that it had invested in Fox Head Inc., a leading motocross and motocross-wear brand. It did not disclose how much it invested in the Huf and Fox deals. It also did not confirm how much it invested in Hybrid.
However, the Altamont statement did say that it joined with existing shareholders in the Hybrid investment. The other shareholders included Jarrod Dogan, Hybrid’s founder and chief executive officer, and the founding Fox family of Fox Head.
In a statement, Dogan said that the group’s investment will help his 17-year-old company grow. “I am confident that with their guidance and experience, we will be able to achieve our business-building goals to take Hybrid to the next level. Part of our core values as a company has been to embrace change, and the partnerships with Altamont and Fox is the change Hybrid needs in order to move our brand-development capabilities forward,” Dogan said.
Hybrid’s expertise in supply chain and product development will benefit Fox, an Altamont statement said.
Hybrid will continue to function as an independent, private company at its Cypress headquarters. Dogan will continue to serve as the company’s CEO.
