Retail

 

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.

 

Dollar Tree

Category-dominant retailer operating over 3,800 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 through over 700 units in 23 states.  In partnership with Parallel’s principal, the Company grew from 67 stores to over 370 stores over seven years.  (NASDAQ: HIBB)

 

Hat World

Dominant retailer of athletic headwear and related accessories operating over 800 stores 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.

 

Teavana

Industry-leading specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and related accessories.  Parallel has worked with the founders to develop Teavana’s strategic plan, build the management team and infrastructure, secure its supply chain capabilities and support rapid growth.  Teavana has grown from twelve stores to over 150 stores during its partnership with Parallel. This has resulted in substantial revenue and EBITDA growth.