The announcement has been made with confirmation that the Smith family, founders of the Florida-based business, will rollover a portion of their equity as part of the transaction.

Founded in 1984, Shoes For Crews uses a unique rubber compound to produce slip-resistant footwear, significantly reducing slip-and-fall accidents. Through its constant focus on technology, the company quickly became an important player in its line of business, and nowadays supplies slip-resistant footwear to 92 of the top 100 largest restaurant chains in the US. The company has a diverse customer base including McDonald’s, KFC, Burger King, Taco Bell, Nestle, Tyson, HCR ManorCare, amongst others.

“We are very excited to be partnering with Stan and Matt Smith on this acquisition and look forward to working with them and their highly talented team to build upon the strong platform that they have created. Shoes For Crews has a compelling value proposition and long-standing customer relationships, industry-leading proprietary technology, a unique business model, strong financial profile and numerous avenues to drive growth”, stated Rich Zannino, a Managing Director at CCMP, adding: “We are confident that Shoes For Crews will continue to create safer workplaces and add value for customers, employees and stakeholders.”

“We are proud of the business that we have built at Shoes For Crews and our long history of strong, consistent growth in sales and profits”, said Matt Smith, Chief Executive Officer of Shoes For Crews, adding: “We believe CCMP is the ideal partner who will bring a unique skill set to help the company achieve its next phase of growth. We look forward to a strong and prosperous partnership with CCMP.”

The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2015.

CCMP specializes in middle market buyouts and growth equity investments of 100 million US dollars to 500 million US dollars in North America and Europe. With offices in New York, Houston and London, CCMP invests in four primary industries: Consumer/Retail, Industrial, Chemicals/Energy and Healthcare.