Ballet Makers Inc, parent of dancewear brand Capezio, has been sold to New York-based private equity firm Argand Partners for an undisclosed sum.

Founded in 1887, Capezio designs and manufactures footwear, apparel, and accessories that support dancers and athletes of all ages. It serves a loyal customer base in North America, with a growing presence in Europe, Australia, Brazil, and Asia.

Headquartered in Totowa, New Jersey, the company has been owned by the Terlizzi and Giacoio family for nearly 140 years.

Following the acquisition, a number of key family members, including the CEO, will remain alongside Argand.

Argand plans to build upon the company’s existing success by developing innovative product lines, establishing collaborations and licensing arrangements with strategic partners, and continuing to build deep, authentic engagement with the global dance community.

“Argand and its advisors have built a strong relationship with our management team over several months and we are delighted to formalize their partnership to build off of 140 years of commitment to the dance community,” commented Michael Terlizzi, Capezio’s CEO and fourth-generation family member/owner.

“The Argand team brings a complementary skillset to our business, and our team is excited to be part of the Argand portfolio.”

Last week, private equity companies Kingswood Capital Management and Performance Investment Partners agreed to buy The Vitamin Shoppe business from its parent, Franchise Group.