D.A. Davidson & Co. Serves as Exclusive Financial Advisor to Bravo Sports in Sale of Outdoor Products Business to ShelterLogic Corp.
Divestiture allows for a strong focus in action sports for Bravo, generates increased portfolio of products for ShelterLogic
COSTA MESA, Calif., Sep. 13 /BusinessWire/ --
Davidson & Co. has acted as exclusive financial advisor to
Transom Capital and Bravo Sports in the sale of Bravo Sports' Outdoor
Products Division to ShelterLogic Corp., a portfolio company of RFE
Investment Partners and Charter Oak Equity.
Bravo's Outdoor Products Division, located in Santa Fe Springs, CA, is a
designer, innovator, manufacturer and marketer of shade canopies,
outdoor chairs and related accessories. Products from this division are
sold under brands such as QuikShade, Solo, Shade Tech, Moto Shade and
GO. These brands complement ShelterLogic's existing product lines of
shelters and framed canopies for residential and commercial use.
"Since their acquisition of Bravo Sports, Transom has focused and
strengthened its action sports brand portfolio," said Brien Rowe,
Managing Director at D.A. Davidson. "By divesting their Outdoor Products
Division, Transom's Bravo team will continue its strategy to drive
growth within their core assets in action sports and protective brands."
"Mike Smith and Brien Rowe of D.A. Davidson led us to a successful
outcome through their deep outdoor industry knowledge and tireless
efforts. Their assistance on this transaction is greatly appreciated,"
said James Oh, Principal of Transom Capital.
This acquisition offers ShelterLogic the ability to further capitalize
on their position in the marketplace by offering additional brands and
broadening their channels of distribution and customer reach while
gaining meaningful operational efficiencies.
D.A. Davidson's Active Lifestyle Investment Banking team provided
strategic advisory and M&A services to Transom Capital and Bravo Sports.
The transaction represents another successful closing for D.A.
Davidson's investment banking group. Since the start of 2015, members of
D.A. Davidson's Consumer & Retail investment banking team have advised
on 32 completed transactions.
D.A. Davidson's investment banking division is a leading full-service
investment bank that offers comprehensive financial advisory and capital
markets expertise and has extensive transaction experience serving
middle market clients worldwide.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm
offering a range of financial services and advice to individuals,
corporations, institutions and municipalities nationwide. Founded in
1935 and headquartered in Montana, with corporate offices in Denver, Los
Angeles, Portland and Seattle, the company has more than 1,350 employees
and offices in 24 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service
investment firm headquartered in the Northwest, providing wealth
management, investment banking, equity and fixed income capital markets
services and advice; Davidson Investment Advisors, a professional asset
management firm; D.A. Davidson Trust Company, a trust and wealth
management company; and Davidson Fixed Income Management, a registered
investment adviser providing fixed income portfolio and advisory