On October 1st, Stradling client Mechanix Wear, Inc. received a significant investment from Gryphon Investors, a San Francisco based middle-market private equity firm.
Mechanix Wear is a leading designer and manufacturer of high performance work gloves and the leader in automotive, construction, industrial, and tactical hand protection. Headquartered in Valencia, California, Mechanix Wear sells its products in more than 20,000 retail store locations across more than 70 countries and through industrial distributors. Michael Hale will continue to lead Mechanix Wear as its Chief Executive Officer, and as part of the transaction, Jesse Spungin joined Mechanix Wear as its Chief Operating Officer and President.
The Stradling team representing Mechanix Wear included Chris Ivey, Jeff Kateman, Jason Lee, Jon Krane and Arash Lessantiz. Ryan Gaglio advised on tax matters and Alysun Turner provided valuable paralegal assistance.