RADNOR, Penn.—Bills Khakis announced that it has a new investor: Larsen MacColl Partners. The terms of the deal have not been disclosed but the company says it’s debt-free, with “a substantial equity base from which to accelerate the growth.”
Bills Khakis founder Bill Thomas commented, “Larsen MacColl’s investment will help us enhance our product offering, improve our customer support and extend our reach so that we can deliver an even higher level of satisfaction to more customers.”
Added Larsen MacColl’s Jeff Larsen, “We believe in the people and the brand of Bills Khakis and we are pleased to be partnering in its future growth and success. Bills is well-positioned to build upon its 22 year reputation for consistent high-quality sportswear made in the United States. We are proud to invest in this Pennsylvania company and, more importantly, partner with the truly outstanding people who have built this authentic American brand.”
Bills Khakis was founded in 1990 when Chicago ad executive Bill Thomas, inspired by a durable pair of WWII-era khakis, moved to Reading, Penn. to start a business based on American-made khaki pants. The brand now covers multiple sportswear categories, including knits, jeans, outerwear and accessories.
Larsen MacColl Partners is based in Radnor, Penn. Its investments include a trucking company, food, food service and restaurant businesses and a chemical company, among others.