Mad Engine LLC, a leading full-service apparel company, formally announced that it has completed its acquisition of Mighty Fine Inc.
This was the fourth acquisition for the company last year, proving that continual growth and expansion is possible in a challenging retail climate. The company acquired Xtreme Worldwide Inc (its Canadian affiliate) in February, Lifted Research Group (LRG) in March and NEFF Headwear in May of this year. Danish Gajiani, CEO of Mad Engine, explains “This acquisition comes at a critical time as the retail landscape is constantly changing, and customers are expecting impeccable design and execution capabilities from their suppliers. Joining forces with Mighty Fine also allows Mad Engine to contend in the Juniors apparel space– an incredibly quick-turn and competitive arena.” It is with Mighty Fine’s design expertise that Mad Engine is now one of the most well-rounded and innovative players in this market.
Although Mighty Fine will continue to operate as a separate division, it will work to completely integrate into Mad Engine’s robust back-end infrastructure before the end of this year.
Patty Timsawat (co-founder of Mighty Fine) will join the Mad Engine team to focus on business development while Guy Brand and Stacy Brand (co-founders of Mighty Fine) will branch off independently to pursue other opportunities.
“Mighty Fine has been following the amazing success that Mad Engine and their leadership team have built over the past few years, including the recent acquisitions of Neff and LRG. We are thrilled and honored to have Mighty Fine be a part of the Mad Engine vision to align and grow upon the 20-year foundation that Mighty Fine has established with our creative DNA, solid relationships, and following in the market,” says Guy Brand.
Mad Engine would like to specially thank Buchalter, Moss Adams and Wells Fargo for their assistance in this acquisition and their continued support to the company.
ABOUT MAD ENGINE
Founded in 1987, Mad Engine has grown to become a leading global apparel wholesaler of licensed, branded and private label apparel. Top brands include Marvel, Star Wars, Disney and Nickelodeon. Mad Engine’s footprint spans multiple continents, with unique locations dedicated to customer service, manufacturing, quality assurance and distribution. This process better enables the company to fully meet the needs of every customer – from independent boutiques to mass market retailers – ensuring the best customer experience possible.
ABOUT MIGHTY FINE
Mighty Fine was founded in 1997 by Stacy Brand, Guy Brand, and Patty Timsawat. The company’s DNA was built upon a strong design sense and approach to fashion through pop culture. Over time, the partners built relationships with local retailers and suppliers, and soon expanded into licensed categories. Today, Mighty Fine is based in the garment district in Los Angeles and is a thriving wholesaler to the specialty market and department stores primarily in Juniors and Kids apparel.