Capezio acquired by private equity
- Ikuko
- 7 days ago
- 1 min read
Capezio, the beloved dance shoes and dance wear maker with 140 years of family-owned history, was acquired by private equity Argand Partners, LP.
The New York-based middle-market private equity firm announced the acquisition of Ballet Makers Inc., the parent company of Capezio, on 17th April 2025.
The terms of the transaction were not disclosed. It is not clear how long Argand Partners plans to stay in Capezio and when to exit.
Capezio was established in 1887 in New York by Italian immigrant Salvatore Capezio. The company has been owned by the Terlizzi and Giacoio families and currently headquartered in New Jersey, the United States.
Argand Partners said in the press release, “under Argand’s ownership, a number of key family members, including the CEO, will remain invested alongside Argand.”
“Argand plans to build upon the Company’s existing success by, among other things, developing innovative product lines, establishing collaborations and licensing arrangements with strategic partners, and continuing to build deep, authentic engagement with the global dance community. We believe this strategy will not only maintain the long-standing family legacy and Company culture, but will also modernize the Company in order to achieve long-term growth.”
Michael Terlizzi, Capezio’s Chief Executive Officer and a fourth-generation family member/owner of the Company said, “The Argand team brings a complimentary skillset to our business.”
Meriwether Group acted as the sell-side advisor to Capezio. Alta Capital Partners served as financial advisor to Argand.