Private equity firm Gryphon Investors has acquired multichannel Western apparel merchant Sheplers Inc. from Jabara Ventures Group Inc.
Terms of the transaction were not disclosed.
Concurrent with the deal, Mike Anop, CEO of Sheplers, will retire and be succeeded by Mark Syrstad, formerly president/CEO of Crafts Retail Holdings Corp.
Wichita, KS-based Sheplers was founded in 1899. It offers a full line of men’s, women’s and children’s Western wear and boots, as well as gifts and accessories in 19 stores through four national catalogs and online at www.sheplers.com.