The Body Glove brand and related intellectual property assets have been acquired by Marquee Brands from Body Glove International. Body Glove was founded in Redondo Beach, California in 1953 by two twin brothers, Bob and Bill Meistrell. The Meistrell family will retain a minority interest in the Body Glove brand. Marquee Brands is a brand acquisition, licensing and development company. It is sponsored by Neuberger Berman Private Equity, part of Neuberger Berman, a global employee-owned investment manager with client assets exceeding $255 billion. Marquee Brands had previously acquired Bruno Magli, the luxury shoe brand, and a British fashion brand, Ben Sherman. Body Glove is Marquee Brands' first acquisition in the active and outdoor sports sector.