Mergers & Acquisitions and Banking & Finance and Investing

Local buyout firm acquires New York shapewear maker

January 23, 2013

Indianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming fashions, the companies announced Tuesday.

Lyssé, a three-year old company that makes a hot-selling line of leggings, was purchased for an undisclosed amount.

The apparel firm has roughly 10 employees and brought in about $4 million in revenue in 2012.

Beth Gold Cohen, a former merchandise manager for Macy’s, founded Lyssé and will stay with the firm as a partner and chief creative officer.

Cohen developed the idea for her shapewear after gaining weight while battling breast cancer.
 
E&A’s involvement will help the company expand its product line beyond leggings and accelerate growth through increased domestic and international distribution.

The company is known for buying specialty companies in the $2 million to $20 million revenue range and helping them grow. Its previous holdings include Udi's Healthy Foods, Car Brite and Gilchrest & Soames.

E&A’s principals include Al Hubbard, a former economic policy advisor to President George W. Bush.
 

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