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01/2025

THE EMBLEM SOURCE acquired by ID UNLIMITED

UNITED STATES Consumer Products / Sport / Other Sports REV 5M - 25M USD

Context

Flexdev Group, the Lyon-based sports textile personalisation group now known as ID Unlimited, acquired The Emblem Source, the Dallas-based maker of badges and emblems for American professional and university sports teams, from its founding family in a deal announced in January 2025. At the time of the deal, The Emblem Source generated revenue of $15M. Brian Rutt and Larry Rutt, who ran the business, stayed on, and the deal was structured as a partnership with the existing family management. The acquisition gave Flexdev a manufacturing base in the United States and a position in emblems for American professional and college sport. The group planned to add its names-and-numbers marking to the services offered to The Emblem Source's customers and to sell its wider range to American professional teams. Backed by the Dentressangle family investment holding company, Flexdev had grown through a series of purchases of family-owned businesses, including Elms in the United Kingdom in 2016 and, more recently, Monblason in France and Aneyron in Spain. Later in 2025, it bought Polygraphic in the Netherlands and changed its name to ID Unlimited. Jean-Louis Savoye and Raphaël Feuillet led the deal for Dentressangle.

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Target

Based in Dallas, Texas, The Emblem Source produces the badges and emblems sewn onto the jerseys and caps of professional and university sports teams in the United States, across baseball, basketball, American football, hockey and soccer. It also applies player names and numbers to jerseys, and specialises in hot market production, turning out products tied to a championship or other major sporting result within hours of the final whistle. Its customers are professional leagues, university athletic programmes and the sportswear brands and retailers that make and sell licensed team apparel.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

FREE VIEW
Year
Rev
EBITDA
EBIT
2024
15M
2023

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REFERENCES

Revenue range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THE EMBLEM SOURCE by ID UNLIMITED are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: id unlimited