Kellwood Wraps ADAM Deal

The acquisition for the Sun Capital asset signifies a continued commitment to retail by the distressed investor. Kellwood Company, the Missouri-based clothing company belonging to Sun Capital Partners, bought ADAM in the first of what is expected to be a series of deals for the firm. Michael Kramer, chief executive and president of Kellwood, said in a statement the company will continue to aggressively expand. Terms of the deal were not disclosed and calls seeking comment were not acknowledged by press time. ADAM was founded by, and named for, its chief executive Adam Lippes; the company’s sportswear is available