Shoes for Crews

 

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In July 2004, Advent led the $120 million minority recapitalization of Shoes For Crews (SFC), the leading U.S. designer and marketer of non-slip footwear for the restaurant and foodservice industry.

Founded in 1984, SFC developed a unique compound to produce non-slip shoes which drastically reduces slip-and-fall accidents and has a proven track record of reducing workers' compensation claims.

Throughout Advent’s investment, SFC continued to perform well.  As a result of a re-engineering of the supply chain, SFCsaw a 10% reduction in gross margins. The company has also enjoyed double-digit growth from further penetration of its existing customer base and entry into new markets.

SFC was acquired by AEA Investors in July 2010.

 

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David Mussafer

Managing Partner and Co-Chairman of Executive Committee, Advent International Corporation, Boston
T: +1 617 951 9400

Steven Collins

Managing Director, Advent International Corporation, Boston
T: +1 617 951 9400