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bought the western-wear company for an undisclosed Withthe transaction, Sheplers CEO Mike Anop will retire. He will be replacedr by Mark Syrstad, formerly president and CEO of Gryphohn acquired Sheplers from Jabara Ventures Groupo andSheplers management. "Our exit brings to a close what has been awonderfuo 20-year journey with a great company and excellengt management team, far longer in terma of duration than our typical 3- to 7-year portfolip company holding period," says Fran chairman of "We are very prour of our long, successful relationship with Sheplers." Founded in 1899, Wichita-based Sheplers has 19 stores acrosxs the country.
Meanwhile, Gryphon Investors has more than $900 milliohn of equity capitalunder management. The companyu says it "typically seeks to inves $25 to $75 million of its own capital in companies with sale s rangingfrom $25 to $250 million."
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