D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Globe International Limited in its divestiture of Dwindle Distribution to Bravo Sports Corporation, a portfolio company of Transom Capital Group. Bravo Sports is a recreational and sporting-goods company based in Santa Fe Springs, Calif. that owns market-leading skateboard brands such as Pro-Tec, Sector 9, Kryptonics, and Rad Wheels. As a result of the acquisition, Bravo Sports will have the opportunity to further expand into specialty retail, gain access to the core skateboard demographic and add eight industry-leading brands to its portfolio.
Founded in 1987 by professional skateboarders, Rodney Mullen and Steve Roco, Dwindle Distribution has produced some of skateboarding’s most iconic brands and products. Based in El Segundo, Calif. and acquired by Globe International Limited in 2002, Dwindle Distribution is home to many of the top core brands in the industry, including enjoi, Almost, Madness, Blind, Darkstar, Andale Bearings, Tensor Trucks, and Dusters California.
“Dwindle Distribution will make a perfect add-on to Transom’s portfolio company, Bravo Sports,” said Brien Rowe, managing director at D.A. Davidson. “The alignment of Dwindle’s core brands with the brands of Bravo Sports will create an action sports powerhouse.”
D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.
Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
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 Montana in 1935, with regional headquarters in Great Falls, Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 25 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; Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services; and Wells Nelson, a broker-dealer offering public finance and wealth management services.
For more information, visit dadavidson.com.