Airwaves Case Study

Recapitalization allows AirWaves’ to gain institutional support, and “deep pockets” to fund Growth

Overview

  • Air Waves is a leading provider of on demand apparel fulfillment for the ecommerce channel.
  • The company has developed a proprietary process for managing the complexity of “mass customization” of decorating apparel in single unit quantities.
  • The current owners bought Airwaves in 2009. By expanding offerings, investing in technology, and developing new processes Air Waves revenues grew by 500%
  • Owners desired partial liquidity, a strong Board of Directors and Funding to continue their sales growth of nearly 30 % per year.

 

 

Results

  • Recapitalization with CCCM and its affiliates completed in October 2016
  • Owners achieved their liquidity goals from the transaction
  • Management Team retains a significant minority stake with representation on the Company’s expanded Board of Directors
  • Management continues to run the Company with same leadership roles
  • Substantial investments planned in new personnel
  • Now executing their strategic plan to grow revenues by 5x through customer diversification, organic growth, and acquisitions