American Exchange Group has announced the acquisition of Island Surf Company, a casual footwear brand. The financial details of the deal have not been disclosed, but it has been confirmed that Island Surf Company will become a division of White Mountain Footwear, which was purchased by American Exchange Group in January last year. The partnership with White Mountain Footwear is expected to enhance Island Surf Company’s market presence and product offerings, leveraging the former’s infrastructure, sourcing skills, retail partnerships, and industry expertise.
Joe O’Brien, the current president and CEO of Island Surf Company, will continue in his role following the acquisition. O’Brien expressed enthusiasm about the collaboration, stating that it will open up new opportunities for Island Surf Company to expand its reach and offer coastal-inspired footwear to a wider audience. Alen Mamrout, the CEO of American Exchange Group, also expressed optimism about the acquisition, highlighting the potential for growth and development with the addition of Island Surf Company to their portfolio. Island Surf Company, founded in 2008, specializes in casual and comfortable shoes for men, women, and children, with its products available through various retailers and online platforms.
