A majority stake in Ariat International, the maker of apparel and footwear for equestrian sports, has been purchased by its management team and the Fisher family, the founders of the Gap. The buyers paid an undisclosed sum to the private equity firms LNK Partners and Brentwood Associates, the former owners of the company. They had owned their stake since November 2006; LNK said at the time that it paid $61 million for its share. Ariat has annual revenues reported to be around $300 million.