Westbridge Capital Ltd. Has Closed the Acquisition of Intimo Industry
Westbridge Capital Ltd. (“Westbridge Capital”) is pleased to announce the successful acquisition of Intimo Industry. Intimo Industry was founded in 2003 and has become one of the most innovative seamless manufacturers in North America to serve the needs of the ever-changing apparel industry.
A US company based in Vernon, California, Intimo Industry is both a private label manufacturer of premium athleisure garments and a branded product manufacturer. With multiple design patents, they owe their success to their in-house R&D and design teams who work in a highly automated factory in California. Intimo Industry garments retail online, in custom retail segments, and department stores and specialty stores worldwide.
Intimo Industry will be a subsidiary of Seam Seal International, a design company of a proprietary line of branded and private label bedding products that Westbridge Capital acquired in June 2021. The acquisition represents the ability to leverage commonalities in product manufacturing and retail processes while diversifying product lines and customer base.
Ryan Fisher, CEO of Seam Seal, has provided instrumental support throughout the process. With the closing of the transaction, Westbridge Capital’s professional services group (PSG) group will continue to support Ryan and his team in the upcoming transition.
“We’re thrilled to be bringing the Intimo team into the fold at Seam Seal,” said Ryan Fisher, CEO of Seam Seal. “Intimo’s Seamless technology and intellectual property will help us broaden our product offering to our current retail partners. Intimo’s US-based manufacturing capabilities also help us achieve a strategic goal as we look to diversify production away from Asia. What Paul (the founder of Intimo) and his team have built over the past 20 years is really special, and we’re excited for the opportunity to build on his legacy.”
Westbridge Capital’s PSG conducted the vast majority of the required financial and legal due diligence in-house, enabling the completion of the acquisition on an expedited timeline. We look forward to having our PSG group continue to support Ryan and the Seam Seal team as we welcome Intimo Industry into our group of portfolio companies.
Mike Meekins, President of Westbridge Capital, adds, “Our deal sourcing network, capital base, and professional services infrastructure provides our portfolio company CEO’s advantages not easily reproduced by their competitors. Ryan understands this well and is leveraging it very effectively to rapidly grow Seam Seal.”
About Intimo Industry.
Intimo Industry is a leading seamless knitwear & compression apparel manufacturer. Based in Los Angeles County, California, Intimo Industry is both a private label manufacturer of premium athleisure garments and a branded product manufacturer that has become one of the most innovative seamless manufacturers in North America. For more information, please visit https://intimoindustry.com/.
About Westbridge Capital Ltd.
Westbridge Capital is a private equity management company. Westbridge Capital focuses on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and Volatility.
About Westbridge Capital Partners Income Trust
Westbridge Capital Partners Income Trust (the Fund) is a Canadian domiciled Mutual Fund Trust managed by Westbridge Capital. The Fund makes high yield loans to mature operating companies and distributes the associated income stream to investors through monthly distributions.