Elevate Textiles, Inc.
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Elevate Textiles, Inc. - overview
Established
2004
Location
Charlotte, NC, US
Primary Industry
Materials
About
Elevate Textiles, Inc. is a US-based company specializing in advanced textile solutions for various industries, including automotive and healthcare, focused on providing high-performance fabrics and innovative textile technologies. Elevate Textiles, Inc. is a textile solutions provider established in 2004, headquartered in Charlotte, North Carolina, US.
The company was acquired by Platinum Equity in October 2016 through a public-to-private transaction. The founder's history is not publicly available. Elevate Textiles specializes in advanced textile solutions that cater to a diverse range of industries, including automotive, healthcare, and apparel. The company's core offerings encompass high-performance fabrics and innovative textile technologies designed to enhance functionality and sustainability.
These products address challenges such as durability, comfort, and environmental impact, fulfilling the increasing demand for sustainable and resilient materials in various applications. Elevate Textiles serves a global clientele, including manufacturers, retailers, and other businesses that rely on specialized textile products, distributing its offerings across key markets in North America, Europe, and Asia. In the most recent year, Elevate Textiles reported a revenue of USD 610. 41 mn, with an EBITDA of USD 54.
91 mn. The company generates revenue through a structured B2B model, engaging in direct sales to manufacturers and wholesalers in various sectors. Transactions involve negotiated contracts for bulk supply of its textile products, essential for production in industries such as automotive and healthcare. Clients place orders based on specific requirements, often involving long-term partnerships that ensure a steady flow of business.
Elevate Textiles' revenue is bolstered by its flagship products, recognized for their quality and innovation, with pricing structures based on product specifications, allowing for tailored solutions to meet client demands. Elevate Textiles aims to leverage recent funding from the acquisition by Platinum Equity in October 2016 to support its growth strategy. Plans include the development of new products targeting enhanced performance and sustainability, although specific release dates are not disclosed. Additionally, the company is looking to expand into emerging markets in Asia and Europe by 2023, aiming to establish a stronger presence and meet regional demands.
Current Investors
Platinum Equity
Primary Industry
Materials
Sub Industries
Textiles
Website
www.elevatetextiles.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Elevate Textiles, Inc. - financials
| Fiscal Year Ended | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 720,916,000 | 1,010,853,000 | 995,132,000 | 673,121,000 | 616,130,000 | 694,372,000 | 619,075,000 | - | - | - |
| % Revenue Growth (YoY) | - | 40.2% | (1.6%) | (32.4%) | (8.5%) | 12.7% | (10.8%) | - | - | - |
| EBITDA (USD) | (22,444,000) | (4,999,000) | (133,052,000) | (9,538,000) | 26,066,000 | 12,511,000 | 35,642,000 | - | - | - |
| Operating Income (USD) | (36,582,000) | (47,016,000) | (186,835,000) | (48,154,000) | 2,921,000 | (8,914,000) | 17,325,000 | - | - | - |
| Operating Margin | (5.1%) | (4.7%) | (18.8%) | (7.2%) | 0.5% | (1.3%) | 2.8% | - | - | - |
| % EBITDA Margin | (3.1%) | (0.5%) | (13.4%) | (1.4%) | 4.2% | 1.8% | 5.8% | - | - | - |
| NET Income (USD) | (52,954,000) | (85,937,000) | (252,875,000) | (211,334,000) | (46,304,000) | (69,643,000) | (67,339,000) | - | - | - |
| % Net Margin | (7.3%) | (8.5%) | (25.4%) | (31.4%) | (7.5%) | (10.0%) | (10.9%) | - | - | - |
Elevate Textiles, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Announced | CONE MILLS CORP | - | ||||||||
| Public to Private | Completed | Elevate Textiles, Inc. | - |
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Elevate Textiles, Inc. - employee data
Elevate Textiles, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chief Executive Officer | President | Chief Operations Officer | Board Member | BM |
BM Board Member
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