Revolution Dancewear acquires International Dance Supplies
Joe Sclafani, CEO of Revolution, said, "IDS is a well-respected leader in the costume and dancewear space with an excellent reputation and leadership team. The acquisition is a perfect example of our ongoing strategy to complement organic growth with strategic acquisitions of industry leading companies."
Kamlesh Raichura, Managing Director of IDS, said, "We are excited to join Joe and the Revolution team. We remain committed to serving our customers with the same level of quality and service that they have received over the last 40 years."
IDS is Revolution's third acquisition, and first completed since Audax Private Equity invested in the company in 2018.
Revolution Dancewear is a leading brand and seller of recital costumes and dancewear in the US, UK and Europe. Dance Direct is Revolution's UK platform selling dancewear to consumers. For more information, please visit www.revolutiondance.comor www.dancedirect.com.
ABOUT AUDAX PRIVATE EQUITY
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $5 billion in 117 platform and 706 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value.