Supplier Superior Uniform Group Acquires BAMKO

Supplier Superior Uniform Group Acquires BAMKO

Published in Promogram
Thursday, March 10, 2016

Superior Uniform Group Inc. (asi/90266) has purchased Los Angeles-based distributor BAMKO, Inc (asi/131431). The publicly-traded supplier and uniform manufacturer paid $15.8 million cash, the company announced.

In addition, Superior Uniform Group will issue $5.5 million in shares of its common stock that will vest over five years and will carry a potential future payment of $5.5 million through 2021 for additional contingent considerations.

“We bought BAMKO to be the dominant player in their industry,” says Michael Benstock, CEO of Superior Uniform Group, in an exclusive interview with Counselor. “We don’t just want to be on the Top 40, we want to be at the top of that list. And with Superior’s capital and our ability to manage alongside the folks at BAMKO, I have no doubts we’ll be able to accomplish that.”

Read the full article here.

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