LAKESIDE PARTNERS ADVISES MERVIN MANUFACTURING ON ITS SALE TO SPRING CAPITAL GROUP
Lakeside Partners (“Lakeside”), a leading boutique investment bank specializing in M&A advisory services, acted as the exclusive financial advisor to Altamont Capital Partners (“Altamont”) in the sale of its portfolio company Mervin Manufacturing, Inc. (“Mervin”) to Spring Capital Group (“Spring”). Mervin is a leading designer and manufacturer of premium snowboards and other outdoor products including snowboard bindings, skis, and watersports equipment. Mervin owns a portfolio of renowned outdoor brands including Lib Technologies (“Lib Tech”), GNU, and Bent Metal.
Spring’s investment will enable the business to continue to build on its legacy as one of the oldest and most respected brands in the snowboarding industry. Spring's investment reflects a strong conviction in Mervin's world-class innovation capabilities, its dedicated team, and the significant runway ahead in the premium snowboard and adjacent markets. Management looks forward to leveraging Spring's experience from existing investments in the space and its extensive network to build on Mervin's established foundation.
The transaction, led by Tom Newell and Taylor Hanson at Lakeside Partners, further strengthens the firm’s expertise in the outdoor sector.
This transaction marks another successful deal in the outdoor sector. Lakeside used targeted industry relationships and sector knowledge to maximize engagement and drive competitive tension throughout the process – eventually surfacing the right buyers in the outdoor industry. Lakeside led every critical aspect of the transaction including strategic positioning, marketing materials, investor outreach, negotiations, and closing diligence, delivering a strong result for all involved. The engagement reflects Lakeside’s growing presence in the consumer outdoor space and a continued commitment to delivering exceptional outcomes for its clients.
Patrick Huard, Astrid Menendez-Muharram, and their team at Morrison Foerster served as legal counsel to Altamont.
About Altamont Capital Partners (www.altamontcapital.com)
Headquartered in Palo Alto, CA, Altamont is a private equity firm with over $4 billion of capital under management, focused primarily on making long term, control investments in middle market businesses. Altamont’s approach relies on partnering with strong management, supporting the business with its considerable resources, and bringing a constructive and pragmatic mindset to drive significant long-term value.
About Mervin Manufacturing (www.lib-tech.com)
Mervin was founded in 1977 by Mike Olson and Pete Saari, two passionate snowboarders dedicated to creating high-quality, innovative products. Headquartered in Sequim, Washington, the Company operates one of the last major snowboard factories in the U.S. The Company produces eco-friendly, hand-built snowboards, snowboard bindings, skis, and watersports equipment. Its portfolio of brands (Lib Tech, GNU, Bent Metal) are known for always pushing the envelope and setting new standards for performance and sustainability in action sports products.
About Spring Capital Group (www.springcapitalgroup.com)
Spring is a family office headquartered in Eugene, Oregon. The firm focuses on high value-added investments in real estate development as well as lower middle market businesses diversified across consumer products, niche manufacturing, and gaming among other verticals. The firm focuses on control-oriented investments taking a long-term approach with no hold periods. The firm has relevant existing investments in the outdoor products space, including BlackStrap.
About Lakeside Partners (www.lakesidepartners.com)
Lakeside Partners, which has offices in Minneapolis, MN, Seattle, WA, and Sioux Falls, SD, provides M&A advisory services to privately-held businesses. The firm has extensive expertise serving businesses across multiple industry verticals including business services, consumer & retail, food & beverage, industrials, specialty distribution, and technology, among many others.
For more information about our firm or this transaction, please contact:
Tom Newell
Partner
tnewell@lakesidepartners.com
206.295.9746
Taylor Hanson
Partner
thanson@lakesidepartners.com
651.357.4633
Spencer Sumpter
Associate
ssumpter@lakesidepartners.com
360.510.4011
Miles Frisch
Associate
mfrisch@lakesidepartners.com
612.247.8425