Superior Uniform Group, through its Division, BAMKO, Announces the Acquisition of PublicIdentity, Inc.
August 21 2017 - 2:44PM
Superior Uniform Group, Inc.® (“Superior”) (NASDAQ:SGC), today
announced that its division, BAMKO, LLC, (“BAMKO”), acquired
substantially all of the assets and assumed certain liabilities of
PublicIdentity, Inc. (“Public Identity”) of Los Angeles, CA. The
transaction closed effective as of August 21, 2017. Public Identity
is a promotional products and branded merchandise agency that
provides innovative, high quality merchandise and promotional
products to corporate clients and universities across the country.
Public Identity has established itself as an industry leader in the
sales and marketing of collegiate licensed products.
The acquisition of Public Identity is expected
to add a base of approximately $6.0 million in annual revenue and
be accretive to Superior’s 2017 operating results, exclusive of
acquisition related expenses. Public Identity will operate as a
division of BAMKO.
“The acquisition of Public Identity by BAMKO
results in a union that will make our combined entity a force to be
reckoned with in the collegiate licensing space,” said Philip
Koosed, President of BAMKO. “Over the years, Public Identity has
held a well-earned reputation for its ability to provide high
quality and innovative collegiate licensed products to college fans
and consumers across the country. The opportunity to leverage
Public Identity’s expertise and reputation in this space and
support it with BAMKO’s award-winning creative, sales, programming,
and fulfillment solutions was too great to pass up. We are
incredibly eager to start working with the talented associates at
Public Identity and providing an unmatched level of support and
service to their customers. We are pleased to complete our first
acquisition as a part of the Superior family and look forward to
reporting on additional acquisitions in the future.”
“BAMKO is unlike any other company in the
promotional products industry,” said Leland Felsenthal, Founder and
President of Public Identity. “BAMKO’s capabilities in technology,
global sourcing, creative, and fulfillment help to set them apart
from the competitors in our space. We are very excited to introduce
our customers to everything that working with BAMKO has to offer.
The character and integrity of the BAMKO team, and their commitment
to direct, safe, ethical, and environmentally responsible sourcing,
is perfectly aligned with the company we’ve worked so hard to build
at Public Identity.”
Felsenthal will remain with the business as the
President of Public Identity, a division of BAMKO.
About BAMKO, LLC, a division of Superior
Uniform Group, Inc.
BAMKO is a full-service retail merchandise
sourcing and promotional products agency established in 1999. With
offices in the United States, England, China, India, and Brazil,
BAMKO is a 24-hour-a-day operation with a truly global reach
currently serving many of the world's most successful brands. BAMKO
works with its clients to provide a wide range of supply chain
solutions, including world-class design, sourcing, production,
product development, quality control, testing, logistics, and
delivery of goods for clients across the globe. It is a
division of Superior Uniform Group.
Superior Uniform Group (NASDAQ:SGC), established
in 1920, is one of America's foremost providers of fine uniforms
and image apparel. Headquartered in Seminole, FL, Superior Uniform
Group manages award-winning uniform apparel programs for major
corporations nationwide. Leaders in innovative uniform program
design, global manufacturing, and state-of-the-art distribution,
Superior Uniform Group helps companies achieve a more professional
appearance and better communicate their brands - particularly those
in healthcare, private security, retail, hospitality,
transportation and food service industries.
The company’s commitment to service, technology,
quality and value-added benefits, as well as its financial strength
and resources, support customers’ diverse needs while embracing a
"Customer 1st, Every Time!" philosophy and culture. Superior
Uniform Group sells its wide range of products through its
signature brands Superior I.D.™, Fashion Seal Healthcare® and HPI
Direct®. Superior Uniform Group is also the parent company for The
Office Gurus®, which provides call center and BPO solutions to a
variety of customers. All divisions of the company support one
another to provide synergistic operational and cross selling
opportunities.
This press release contains “forward-looking
statements” within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
statements other than historical fact, and may include statements
relating to goals, plans and projections regarding revenues,
results of operations, new markets, products, services, growth
strategies, anticipated trends in the Company’s business and
anticipated changes and developments in its industry.
Forward-looking statements are based on management’s current
expectations and beliefs and involve significant risks and
uncertainties that could cause actual results, developments and
business decisions to differ materially from those contemplated by
these statements. Risk factors that could cause actual results to
differ materially from those expressed or implied in the Company’s
forward-looking statements are discussed in its most recent Annual
Report on Form 10-K filed with the Securities and Exchange
Commission as well as other documents that may be filed by the
Company from time to time with the Securities and Exchange
Commission. Any forward-looking statement made by the Company in
this release is based only on information currently available to
the Company and speaks only as of the date on which it is made. You
should not rely on any such statement as representing our views in
the future. The Company undertakes no obligation to publicly update
any forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
For more information, call 800-727-8643 or visit
www.SuperiorUniformGroup.com or www.BAMKO.net.
Contact:
Andrew D. Demott, Jr.
COO, CFO & Treasurer
(727) 803-7135
Hala Elsherbini
Halliburton Investor Relations
(972) 458-8000
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