Press Release: Sullivan Street Partners acquires corporate uniform provider Mi Hub
Sullivan Street Partners (“SSP”) is pleased to announce that it has invested in Mi Hub, a leading provider of corporate uniform solutions headquartered in the UK, acquiring the business from LDC.
Mi Hub sources ready-to-wear, bespoke and technical uniforms for businesses of all sizes. It operates through four brands: Dimensions, Alexandra, Yaffy, and Affinity. Today, more than five million people globally go to work in uniforms sourced by the UK-headquartered business.
Mi Hub is a highly attractive platform business with strong recurring characteristics, including long-term customer relationships, a substantial contracted revenue base and differentiated operational infrastructure. The business ships more than 20 million garments annually and has an annual turnover of £170m. It serves a broad range of end markets, with a particularly strong position in bespoke uniforms in the UK.
Mi Hub is led by an experienced management team. Hayley Brooks has been with the business for 24 years and has served as Chief Executive Officer since 2022, having previously held senior leadership roles across the group.
Hayley Brooks, Chief Executive Officer of Mi Hub, said:
“Mi Hub has built a strong reputation for service, quality and innovation over many years, and I am incredibly proud of what our team has achieved. We are delighted to be partnering with Sullivan Street Partners for the next stage of our journey. SSP understands the strengths of our business, believes in the quality of our team and shares our ambition to continue investing in our customer proposition, our people and our long-term growth opportunities.”
Layton Tamberlin, Partner at Sullivan Street Partners, said:
“Mi Hub combines a strong operational underpinning and resilience with multiple avenues for growth in a niche sector. The Management team has built an outstanding position across their markets through execution excellence and creativity. We are excited to partner with them to support expansion both organically and through strategic acquisitions to help the business realise its full potential.”
The transaction is subject to customary regulatory approvals. Financial terms of the transaction have not been disclosed.
