Transom Bravo Holdings Corp., a portfolio company of Transom Capital Group, announced the divestiture of its Outdoor Products Division to ShelterLogic Corporation. Products from this division are sold under brands such as QuikShade, Solo, Shade Tech, Moto Shade and GO. These brands complement ShelterLogic’s existing product lines of shelters and framed canopies for residential and commercial use.
“As we continue to focus on organic growth with our Action Sports Division, the transaction with ShelterLogic is mutually beneficial to both parties,” said Leonardo Pais, CEO of Bravo Sports. 　”With Transom Capital Group, our focus has been to realize the value of the Outdoor Division, after building it over the last 20 years into the innovation leader in instant shade canopies, and this transaction accomplishes that goal.”
“We are excited to continue our investment strategy with Bravo Sports and to build a world-class action sports business with this platform. We know our Outdoor Division’s industry leading brands and market position will find a great home in ShelterLogic and provide the team and that company with great opportunities for growth and success,” said James Oh, Principal of Transom Capital Group.
Sell-side advisors included D.A. Davidson as financial advisor and Greenberg Traurig as M&A and debt counsel.
