After more than 138 years of family ownership, Totowa-based Capezio is changing hands. Argand Partners has purchased Ballet Makers Inc., the parent company of the dance brand.
Financial terms were not disclosed.
The dancewear brand has been owned by the Terlizzi and Giacoio families since it was founded in 1887. According to an announcement, the relationship will continue, as family members including CEO Michael Terlizzi will remain involved.
Under Argand’s ownership, Capezio will focus on highlighting its rich heritage and craftsmanship over the decades, including its eye for dance market trends. Updates for the label will include new product lines, brand collaborations and partnerships, and increased engagement with dance communities around the world.
“Argand and its advisors have built a strong relationship with our management team over several months and we are delighted to formalize their partnership to build off of ~140 years of commitment to the dance community,” Terlizzi said. “The Argand team brings a complimentary skillset to our business and our team is excited to be part of the Argand portfolio.”
