International Dance Supplies sell to US co
Devon based dancewear specialist International Dance Supplies has been sold to US based Revolution Dancewear having been previously been acquired in an MBO by Kamlesh Raichura, the managing director appointed by Anne Walker who founded IDS 40 years ago. The business primarily supplies dancing schools in the UK and overseas, as well as selling its costumes, dancewear and dancing shoes direct to consumers. Raichura said: “We are excited to join the Revolution team. We remain committed to serving our customers with the same level of quality and service that they have received over the last 40 years.“ Revolution Dancewear is a portfolio company of Audax Private Equity. Revolution’s CEO Joe Sclafani said: “IDS is a well respected leader in the costume and dancewear space with an excellent reputation and leadership team. The acquisition is a perfect example of our ongoing strategy to complement organic growth with strategic acquisitions of industry leading companies”.