June, 2015 – Los Angeles, CA – Transom Capital Group is pleased to announce that it has acquired Bravo Sports Corp., a leading action sports company in the skateboard, scooter, skates and instant canopy spaces. With global manufacturing capabilities, Bravo Sports is able to provide these premium recreational and sporting goods at key retail price points. The transaction will enable Bravo Sports to expand its position as the market leader in these categories.
“Bravo Sports offers us a unique and exciting opportunity to acquire an outstanding company and collection of leading brands that will benefit from the strategic and operational support of Transom Capital Group while continuing to provide customers with new and innovative products,” said Russ Roenick, Co-Founder and Managing Director of Transom Capital.
“We are thrilled that Transom Capital acquired Bravo Sports,” said Leonardo Pais, Chief Executive Officer of Bravo Sports. “Transom Capital’s involvement will enhance our ability to introduce new products and achieve new milestones.”
Ken Firtel, Co-Founder and Managing Director at Transom Capital, added “The Bravo Sports transaction leverages Transom Capital’s investment strategy and experience with consumer brands. We’re excited to execute our operationally focused private equity strategy and work with the management team to lead the company into the future.”
Backbone Capital Advisors, LLC assisted Transom Capital through the financing process, dedicating its resources to sourcing and arranging the financing for the transaction.
Terms of the transaction were not disclosed. Financing for the transaction was provided by JPMorgan Chase Bank, N.A. and St. Cloud Capital. Imperial Capital acted as the exclusive financial advisor to Bravo Sports in the transaction.
About Backbone Capital Advisors, LLC
Backbone Capital Advisors, LLC is a full-service professional financing arranger, providing both traditional and non-traditional capital sourcing, with complete execution, for middle market businesses that require debt financing and other capital solutions. Backbone Capital supports private equity funds, independent sponsors, direct operating companies, professionals and boutique investment bankers to deliver all types of leveraged solutions. Backbone Capital offers expertise in all types of middle market and lower middle market financings, including asset-based, senior cash flow, second lien, mezzanine, and unitranche. Backbone Capital also offers other solutions across the capital structure of the borrower, with considerable experience in handling more challenging and special situations. To learn more about Backbone Capital, please go to www.backbonecap.com.
About Bravo Sports
Bravo Sports is a leading action sports business offering highly branded, recreational consumer products. The Company has leading market positions across a broad array of product categories in the outdoor recreational and sporting goods industries, including instant canopies, skateboards, scooters, skates, and related products and accessories. Visit the company at www.bravosportscorp.com.
About Transom Capital Group
Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the middle-market. The Transom Capital team has a proven track record of investing in, restructuring, and growing businesses for the long-term. Key to its success is its approach of heavy operational involvement via its proprietary ARMOR value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that helps unlock intrinsic value at its companies. Transom Capital’s unique team of professionals brings the experience, energy, and expertise to maximize the value-added to each company.
For more information on Transom Capital, please go to: www.transomcap.com.
Please forward all inquiries and opportunities to:
Derek Peterson
Director of Business Development
dpeterson@transomcap.com
(424) 248-1178
Ken Firtel
Managing Director
kfirtel@transomcap.com
(310) 407-0935
Russ Roenick
Managing Director
rroenick@transomcap.com
(310) 407-0940