Private equity investment firm Sage Capital Partners has bought a controlling interest in Corral West Ranchwear, a US-based western-inspired apparel and footwear retailer.

Sage, which paid an undisclosed price for the stake, also said it has invested "significant additional capital" into the company to fund the future growth of its recently launched new store concept, Work Wear Depot.

Corral's management team will continue to own a substantial share of the company following the transaction.

Corral's chief executive Leslie Ball and executive vice president and chief financial officer Larry Hager will both continue in their respective roles.

Sage views the acquisition as a timely opportunity to expand Corral West into a major market player since the workwear sector within the general apparel market has been relatively under-served by dedicated specialty retailers in recent years.

Sage managing director Daniel Gardenswartz said: "In today's evolving retail climate, Corral West has exhibited strong same-store-sales growth of high-single to double-digit rates over the past few years. These trends are expected to last over the foreseeable future, particularly given the current trend and popularity of high-fashion western-inspired apparel, footwear, and accessories.

"In acquiring the retail chain, Sage Capital Partners also plans to leverage Corral West's significant brand recognition, established market position, and long-standing vendor relationships to continue its current store growth, and further penetrate new geographical markets."

1951-established Corral West operates 95 retail stores, predominantly in the Western US.