Galaxy Universal to Acquire Leading Active Brands And1, Avia, Gaiam and SPRI
Nov 2, 2021
Acquisition to build on Galaxy's successful vertical integration strategy NEW YORK, Nov. 2, 2021 /PRNewswire/ -- Today Galaxy Universal, LLC ("Galaxy" or the "Company"), a portfolio company of Gainline Capital Partners ("Gainline"), announced that it has agreed to acquire the And1, Avia, Gaiam and SPRI brands (together the "Active Brands") from Sequential Brands Group, Inc. ("Sequential") for approximately $330 million. The transacti