Boot Barn, the family-owned Orange-based Western boot, footwear and apparel company, has been bought by Marwit Capital Partners II L.P., a Newport Beach private investment firm, Marwit reported today. Financial terms of the deal were not disclosed.
The deal was done in partnership with Boot Barn founder Ken Meany, company president Patrick Meany and John Turnbull, an experienced retail executive. The Meany family made a significant reinvestment in the company along with Marwit and will continue to own a substantial stake and play a significant role in it during its next phase of growth.
Patrick Meany was promoted to chief executive and Turnbull joined the company and will be president and chief financial officer.
“With over 30 retail units, Boot Barn will really be able to benefit from Marwit’s many years of experience growing and financing businesses that have reached the stage of growth that we have now attained,” said Patrick Meany. “We sought a partner who could help us take our business to the next level.”
Boot Barn has been in business since 1978. It has 32 retail stores in California, Nevada and Arizona as well as an online store, www.bootbarn.com.
