News

Divestiture allows for a strong focus in action sports for Bravo, generates increased portfolio of products for ShelterLogic

D.A. 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, Calif., 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.”

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 & Co.’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 1,300 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 services.