Key Takeaways
- • Sullivan Street Partners acquired Mi Hub, a UK-headquartered corporate uniform provider, from LDC in a deal with undisclosed financial terms subject to customary regulatory approvals.
- • Mi Hub operates through four established brands—Dimensions, Alexandra, Yaffy, and Affinity—and generates £170 million in annual turnover while shipping over 20 million garments annually to serve more than five million workers globally.
- • The business demonstrates strong recurring revenue characteristics, including long-term customer relationships, a substantial contracted revenue base, and differentiated operational infrastructure, positioning it as an attractive platform for growth.
- • Hayley Brooks, who has been with Mi Hub for 24 years and serves as Chief Executive Officer since 2022, will continue to lead an experienced management team under Sullivan Street Partners' ownership.
- • Sullivan Street Partners identified multiple organic and acquisition-led expansion opportunities in the corporate uniform sector, with particular strategic focus on Mi Hub's strong position in bespoke uniforms in the UK market.
Summary
Sullivan Street Partners has completed its acquisition of Mi Hub, a leading corporate uniform provider headquartered in the UK, from previous owner LDC. The transaction represents an entry by Sullivan Street Partners into the specialized corporate apparel sector through an established platform business with demonstrated operational capabilities and market positioning.
Mi Hub operates a diversified portfolio across four brands: Dimensions, Alexandra, Yaffy, and Affinity. The business generates £170 million in annual turnover and ships more than 20 million garments annually, serving customers across multiple end markets globally. The company's uniform solutions span ready-to-wear, bespoke, and technical categories, with particularly strong competitive positioning in bespoke uniforms within the UK. The business's customer base extends across more than five million workers globally, reflecting the scale and breadth of its market reach.
The acquisition reflects Sullivan Street Partners' assessment of Mi Hub as a high-quality platform business with inherent structural advantages. The business benefits from long-term customer relationships, substantial contracted revenue foundations, and differentiated operational infrastructure that support recurring revenue streams. Layton Tamberlin, Partner at Sullivan Street Partners, emphasized the firm's confidence in the management team's execution capabilities and identified multiple pathways for expansion, including both organic growth and strategic acquisitions to unlock additional value.
Mi Hub will continue under the leadership of Hayley Brooks, who has held the Chief Executive Officer position since 2022 and brings 24 years of tenure within the organization. Brooks' deep institutional knowledge and track record of senior leadership roles position the business favorably for the execution of Sullivan Street Partners' growth strategy. Financial terms of the transaction have not been disclosed and remain subject to customary regulatory approvals.
Mi Hub operates a diversified portfolio across four brands: Dimensions, Alexandra, Yaffy, and Affinity. The business generates £170 million in annual turnover and ships more than 20 million garments annually, serving customers across multiple end markets globally. The company's uniform solutions span ready-to-wear, bespoke, and technical categories, with particularly strong competitive positioning in bespoke uniforms within the UK. The business's customer base extends across more than five million workers globally, reflecting the scale and breadth of its market reach.
The acquisition reflects Sullivan Street Partners' assessment of Mi Hub as a high-quality platform business with inherent structural advantages. The business benefits from long-term customer relationships, substantial contracted revenue foundations, and differentiated operational infrastructure that support recurring revenue streams. Layton Tamberlin, Partner at Sullivan Street Partners, emphasized the firm's confidence in the management team's execution capabilities and identified multiple pathways for expansion, including both organic growth and strategic acquisitions to unlock additional value.
Mi Hub will continue under the leadership of Hayley Brooks, who has held the Chief Executive Officer position since 2022 and brings 24 years of tenure within the organization. Brooks' deep institutional knowledge and track record of senior leadership roles position the business favorably for the execution of Sullivan Street Partners' growth strategy. Financial terms of the transaction have not been disclosed and remain subject to customary regulatory approvals.
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