An investment group led by Falconhead Capital, LLC, a sports, leisure and lifestyle focused private equity firm, alongside M3 Outdoor Investments led by BLACKHAWK! founder and long term industry leader Michael Noell, today announced that it has acquired Kwik Tek, Inc. The terms of the transaction were not disclosed.
Based in Colorado and founded in 1991, outdoor and recreational watersports brand Kwik Tek supplies products through consumer brands including Airhead, Sportsstuff, and Yukon Charlie’s.
Falconhead Capital, LLC is a middle market private equity firm established in 1998 to provide investors with significant long-term capital appreciation by investing in consumer sports, leisure and lifestyle businesses. Falconhead’s current portfolio includes GPS Industries, Javo Beverage Company, and Multi-Flow Industries. Past Falconhead investments include, among others, NYDJ Apparel, Rita’s Water Ice, Competitor Group, Escort Holdings, National Powersport Auctions, Maritime Telecommunications Network, and ESPN Classic Europe, GolfWarehouse.com and Tickets.com.
Investment banking firm Lazard Middle Market, LLC acted as exclusive financial advisor to Kwik Tek. The law firm Greenberg Traurig, LLP served as legal counsel to Falconhead Capital. JPMorgan provided senior revolver financing for the transaction and LBC Credit Partners provided senior term financing.
