Â鶹ֱ²¥ & Lardner LLP represented Kontoor Brands, Inc., a global lifestyle apparel company and owner of the iconic Wrangler and Lee jeans brands, in its definitive agreement to acquire Helly Hansen, a leading global outdoor and workwear brand, for approximately $900 million. Under the terms of the agreement, Kontoor Brands will acquire 100% of Helly Hansen from Canadian Tire Corporation.
The acquisition is intended to accelerate Kontoor’s revenue and earnings growth, with Kontoor expecting Helly Hansen to generate more than $680 million in revenue and $80 million in adjusted EBITDA for 2025. By adding Helly Hansen to its portfolio, Kontoor aims to diversify its consumer, geographic, and category footprint while leveraging its multi-brand operating platform to drive operational efficiencies.
The transaction, subject to customary closing conditions, is expected to close in the second fiscal quarter of 2025.
The Â鶹ֱ²¥ deal team was led by partner Bryan Schultz, with assistance from Justin Lauria-Banta, Patricia Posada, Tallie Fote, and Kameron Adams (Corporate/Transactions), Timothy Voigtman (Tax), Joshua Roling (Real Estate), Leigh Riley (Employee Benefits), Daniel Kaplan (Labor & Employment), Gregory Neppl and Sophie Lignier (Antitrust), Ethan Lenz (Insurance), Linda Benfield (Environmental), and Arian Jabbary (Intellectual Property), among others.
