Generational Equity, a mergers and acquisitions advisor for privately held businesses, announced the sale of Glacier Outdoor LLC (dba Glacier Glove) to Elvisridge Capital LLC.
Located in Reno, Nev., Glacier Glove, founded in 1982, manufactures and distributes specialty outdoor activity gloves. The company also sells hats, sun-protection products, hoods and other complementary products.
Glacier Grove targets fishermen, hunters, paddlers, cyclists, ice climbers, hikers, Navy Seals, government entities, expeditions, mountain climbers, military operations, and other outdoor enthusiasts throughout the world. The company is recognized in the national market and has an excellent reputation for the breadth of products offered, customer service and timely delivery of products.
Elvisridge Capital (EC), based in Beechwood, Ohio, with additional offices in Tampa, Fla., and Detroit, is a private investment firm offering personal attention, operational expertise, and strategic resources to the companies it acquires. The firm’s target investment sectors include sportfishing and landscape products.
Michael Southard, Managing Director with EC, said, “Glacier Glove fits well with our existing portfolio companies in this space. Our strategy will be to continue to add distribution points, as well as increase the speed and quantity of product development.”
Glacier Glove will join Elvisridge Capital’s other fishing-related brands, Blackfin Rods and BBS (FINS Fishing), a fishing line manufacturer.
