“ONE Industries represents a cornerstone acquisition for our portfolio and offers a platform from which we hope to expand our presence in the industry,” said Ken Firtel, Managing Director of Transom Capital. “The brand has a reputation for excellence in the industry and substantial room to grow. We believe that Transom Capital can add a level of operational sophistication that will improve its performance both from a top and bottom line perspective.”
ONE Industries produces protective gear, helmets, gloves, graphics, and racewear for motocross and mountain bike riders. The company’s products are sold under the ONE and SixSixOne brands. ONE Industries sells its products worldwide through dealers, stores and online. The company was founded in 1997 and is based in San Diego (www.oneindustries.com).
“We believe Transom Capital is the right firm to steward the next stage of ONE’s growth,” said Tim Wadman, Managing Director of ONE Industries Europe and Rhett Souders, Chief Operating Officer & Chief Financial Officer of ONE Industries, in a released statement. “It was important to us that the company find a partner that demonstrated a real commitment to the ONE and SixSixOne legacies. Transom Capital was simply the right fit. They exhibited passion for the industry and quickly understood the key issues and dynamics that underlie the company’s success. We are eager to see where the company goes from here.”
Transom Capital Group invests in buyouts and turnarounds of companies with EBITDAs from $0 (turnaround situations) to $10 million. Sectors of interest include consumer products, media & entertainment, and industrial. The firm is based in Los Angeles (www.transomcapital.com).
“We strongly believe that motorsports are primed for a major rebound and that mountain biking will continue to be an area of growth. What better way to participate in these spaces than to acquire four premium brands in ONE, SixSixOne, Sunline, and TAG Metals,” said Russell Roenick, Managing Director at Transom Capital.
Partnership Capital Growth, an investment bank that focuses on the healthy, active and sustainable living marketplace, acted as the exclusive advisor to ONE Industries. Partnership Capital Growth has offices in Chicago and San Francisco (www.pcg-advisors.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-12-13