AEA Investors Said to Be Selling Footwear Maker Shoes for Crews

Shoes for Crews, a supplier of footwear to the food-service industry, has been put up for sale by its private equity owner, according to people familiar with the matter.

The West Palm Beach, Florida-based company, which manufactures and sells shoes with no-slip soles, is being sold by owner AEA Investors, said the people, who asked not to be identified because the information is private. Shoes for Crews, valued at as much as $700 million, is attracting bids from firms such as CCMP Capital Advisors, Oak Hill Capital Partners and Sycamore Partners, said the people.