Marigny Investments, a Denver-based private equity firm, acquired Victory Supply. Victory Supply, based in Mt. Pleasant, TN, is a value-added distributor of inmate clothing and detention supplies. Kathy and Evan Trommer, who started the company in 2012, will remain significant owners of Victory Supply.
Greyrock Capital Group provided equity and subordinated debt financing, UMB Bank provided senior debt financing and Bryan Cave Leighton Paisner served as legal counsel for Marigny Investments.
The Lennox Group served as financial advisor and Nelson Mullins served as legal counsel for Victory Supply.
“We have been looking for the right group of partners to help grow Victory,” Evan Trommer, founder of Victory Supply, said. “We feel we have accomplished this mission. We are very excited to be partnering with Marigny, leveraging each other strengths and moving Victory up and forward. We would never have gotten to this moment if it were not for the incredible women and men at Victory that helped us to grow along the way and our incredible, supportive customers. We are really looking froward to what comes next.”
“I am excited to partner with the Trommers and continue to grow Victory Supply together,” Josh Sartisky, partner and founder of Marigny Investments, said. “The Victory team has done an extraordinary job of servicing a fragmented customer base by prioritizing their needs. We look forward to continuing to scale the business while maintaining the culture that has made them so successful.”
