Friend Skoler Announces Investment in Hex Performance LLC
SADDLE BROOK, NEW JERSEY, April 2017 -- Friend Skoler & Co., LLC, a private equity firm that invests in leading companies in the smaller end of the middle market, has completed a growth capital investment in Hex Performance LLC ("Hex").
Founded in 2013 by professional lacrosse athlete, Drew Westervelt, Hex is a manufacturer and marketer of advanced laundry detergent and related products especially formulated to clean synthetic fabrics more effectively than leading detergents. In addition, the Company’s products provide long-lasting fabric protection, reduce odor-causing bacteria in clothing, and are eco-friendly. Hex’s products are sold primarily to grocery, mass merchant, and online retailers in the U.S. The Company is led by Jay Contessa and Drew Westervelt.
“Hex solves a problem that consumers are all too familiar with: stubborn stink in workout clothes and athletic gear. The Hex team has done a fantastic job developing a product that works better, creating a unique brand, and building relationships with blue-chip retailers. We are thrilled to partner with Drew, Jay and the Hex management team and support the growth of this exciting entrepreneurial company,” said Cheryl Moss, a Director of Friend Skoler & Co.
“Early on, we recognized that to be successful we needed to find a partner who could provide us with growth capital and, more importantly, be a true partner in helping us build a great company. We look forward to working with the Friend Skoler team and taking Hex to the next level,” said Jay Contessa, CEO of Hex Performance.
About Friend Skoler & Co.
Founded in 1998, Friend Skoler & Co., Inc. is a private equity firm that invests in leading companies in the smaller end of the middle market in partnership with management. FSC typically invests between $3 million and $20 million of equity per transaction. A key element of the firm's strategy is to leverage its extensive experience as investors in and operators of middle market companies. Friend Skoler is headquartered in Saddle Brook, NJ. For additional information, please visit www.friendskoler.com.
About Hex Performance LLC
Hex is a manufacturer and marketer of advanced laundry detergent products designed for today's fabrics, representing a breakthrough in laundry cleaning.
For more information, please visit www.hexperformance.com.
For additional information, contact:
Friend Skoler & Co., LLC