Bravo Sports, a portfolio company of Transom Capital, has acquired Pro-Tec, a seller of action sports protective gear, from Dye Precision which acquired the company in November 2012 from apparel and sports equipment company Vans.
Pro-Tec is a brand of action sports protective gear. Products include helmets for skateboarding, biking, kayaking, rollerblading, snowboarding and other sports. The company was founded in 1973 and will be moving its day-to-day operations to Bravo Sports’ South Orange County location from its headquarters in San Diego (www.protechelmet.com).
Transom Capital acquired Bravo Sports in June 2015 when it merged the company with its existing portfolio company One Industries – a motocross and mountain bike products company – which it had acquired in July 2013. Pro-Tec is the first major add-on acquisition for the combined company.
“When you think of action sports protection, you think of Pro-Tec,” said Leonardo Pais CEO of Bravo Sports. “With the technology and industry recognition of Pro-Tec’s safety products, adding this iconic brand to our roster of exceptional brands and products is truly exciting for us at Bravo Sports.”
Bravo Sports products include scooters, skateboards, skates, sun shades and canopies that are sold through the mass merchant, sporting goods and big box retail channels. The company has over 100 employees and offices in the US, Europe and Asia. Bravo was founded in 1965 and is headquartered near Los Angeles in Santa Fe Springs, CA (www.bravosportscorp.com).
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).
“Since we acquired Bravo Sports in June of 2015, we have been excited to grow the company and move it into the future with a diverse product offering, while still speaking to the customers,” said Russ Roenick, a Managing Director at Transom Capital .”
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).
St. Cloud Capital (www.stcloudcapital.com), a Los Angeles-based investor in lower middle-market companies, is also an investor in Bravo Sports.
© 2015 PEPD • Private Equity’s Leading News Magazine • 12-16-15
