Dover Saddlery, a multi-channel retailer of equestrian products, has initiated a process to identify and consider a range of operational, financial and strategic alternatives to better pursue its growth strategy and to enhance the value of the company for the benefit of its stockholders.
At the direction of the Dover’s Board, the company has engaged Duff & Phelps as its exclusive financial advisor in connection with the review process. While the Board has previously received unsolicited expressions of interest in relation to various potential strategic transactions from time to time, it is not currently in discussions with any particular party.
Dover Saddlery (NASDAQ: DOVR) is a multi-channel retailer of equestrian products. Dover offers competitively priced, brand-name products for horse and rider through catalogs, the Internet and company-owned retail stores. The company was founded in 1975 and is based in
Littleton, MA (www.doversaddlery.com).
Duff & Phelps advises clients in the areas of valuation, M&A and transactions, restructuring, alternative assets, disputes and taxation and has more than 1,000 employees serving clients from offices in North America, Europe and Asia (www.duffandphelps.com).
While undertaking this process, the company will remain focused on executing the company’s long-term operational plan, which includes among other initiatives the continued rollout of its retail store expansion plan and the integration and realization of the strategic and financial benefits of the new retail stores opened over the past several years.
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-24-13
