Founder Sport Group, which includes Badger Sport (asi/37876), Alleson Athletic and Garb Athletics, has announced that it will acquire Teamwork Athletic Apparel (asi/90673). Financial terms of the deal were not disclosed.

“Teamwork is a perfect strategic fit for us,” John Anton, CEO of Founder Sport Group, said in a press release. “With Teamwork, we're adding the industry leader in quick-turn custom sublimation and increasing our production capacity. We'll also be able to apply Teamwork's patent-protected technology to improve delivery times across all the brands within our portfolio.”

Founded in 1987, Teamwork is based in San Marcos, California, with a manufacturing plant in San Luis de Colorado, Mexico. The company manufactures sports team uniforms, activewear, performance apparel, fan gear and other garments and accessories. Anton noted that Teamwork also brings new licensing agreements with over 600 organizations, such as universities, fraternities and sororities, which will further expand Founder Sport’s collegiate bookstore channel.

“We are thrilled to become part of the Founder Sport Group family and look forward to the opportunities that will arise from the scale, growth capital, marketing and sales capabilities that Founder Sport Group brings,” said Matt Lehrer, co-owner of Teamwork.

Teamwork is the third acquisition completed by Founder Sport Group in less than a year. The Statesville, North Carolina-based company acquired Alleson Athletic and Garb Athletics in the fourth quarter of 2017. Founder Sport Group currently has four manufacturing plants and four distribution warehouses worldwide.

“We are moving fast because we see terrific opportunities for growth in this industry,” Anton said. “The long-term winners will be companies that offer a broad range of complimentary products, harness digital technologies to aggressively shorten delivery times, invest in new product development and consistently deliver best-in-class customer service.”