Parallel’s Principals have established an unmatched track record as the preeminent private equity firm focused on Specialty Retail investments in the lower middle-market. Since 1992, we have invested over $160 million in eleven Specialty Retail companies with highly successful results, including enabling several investments to become market-leading public companies. As a result, Parallel brings a body of experience to the Specialty Retail category that offers significant value to owner-operators of these companies.
Category-dominant retailer operating discount variety stores selling housewares, toys, seasonal items, food, health and beauty aids, gifts and other products at prices ranging from $1.00 to $3.00. In partnership with Parallel’s principal, the Company grew from 300 stores to approximately 2,300 stores over nine years. (NASDAQ: DLTR)
Hibbett Sporting Goods
Leading retailer of team-related sporting equipment, footwear and apparel to small markets. In partnership with Parallel’s principal, the Company grew from 67 stores to over 370 stores over seven years. (NASDAQ: HIBB)
Dominant retailer of athletic headwear and related accessories in the U.S. under the Lids, Hat World, Hat Zone and Cap Factory storefronts. In partnership with Parallel, Hat World grew from 157 stores to 481 stores in three years and was sold very successfully to Genesco, Inc. (NYSE: GCO) in 2004.
Industry-leading specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and related accessories. In partnership with Parallel, Teavana grew from 12 stores to over 200 stores and was acquired by Starbucks in 2012.