San Francisco-based private equity investment firm, Golden Gate Capital, and Boston-based boutique investment firm, Integrity Brands, have signed a definitive agreement to acquire US military boot manufacturer Wellco Enterprises, Inc. in an all-cash transaction valued at $14 per share—a 33% premium to the stock’s most recent closing price. The agreement received unanimous approval from a committee of independent directors at Wellco and its board of directors.

Share this story: