Colorado Outdoors Pearl Fund has invested $1 million dollars from it’s newly formed qualified opportunity zone business fund into outdoor industry holding company, Wedge Brands.
Wedge Brands is led by Jarka Duba of Aspen, Colorado. Mr. Duba is also the CEO of ZG Holdings. Prior to ZG Holdings, Jarka ran sporting goods company POC USA until its acquisition by Black Diamond.
Wedge Brands recently added Xcel Wetsuits to its growing portfolio of outdoor industry companies, which also includes ownership in Level Gloves USA, Northwave USA, Koda Nutrition USA, Elevenate Inc., KAR Direct, and Briko USA.
With the acquisition, Wedge also announced plans to build a 76,000 square foot distribution and third party logistics center on the Colorado Outdoor campus in Montrose, Colorado. Wedge Brands will be investing an estimated $14 million in this new facility. Construction is likely to begin in 2020 with a completion date of 2021. Wedge intends to bring several new jobs to Montrose over the next 10 years.
