7-Nation, the board sports company that owns Slingshot Sports, Ride Engine and Moonshine MFG, announced that Charles Field-Marsham, a Canadian entrepreneur, has become a new investor in the company. Ken Meidell, the former CEO of Dakine, has joined the company’s board.
Marsham has more than 20 years of experience in building businesses in Africa. He is the Founder of Canadian-based Kestrel Capital Management Capital and water-sports enthusiast.
“This is a great first step in professionalizing our existing company structure. We have always enjoyed a strong financial foundation. This addition enhances it greatly,” said Jeff Logosz, 7-Nation’s CEO. “We are excited to welcome Charles to the team and are confident his thoughtful leadership, experience and passion will help drive our company growth mindset.”
“I am grateful to the Slingshot Founders, Tony and Jeff Logosz, as well as Chairman Scot Jarvis and the other shareholders, for providing me the opportunity to invest in their outstanding company,” Field-Marsham said. “Together they have led Slingshot to become one of the world’s most respected kiteboarding companies and brands. Tony and Jeff have demonstrated their deep commitment to continuous product improvement and innovation, which—together with the depth and breadth of the team at Slingshot—gives me great confidence in the future of the business.”
Additionally, 7-Nation announced that Ken Meidell had been appointed to the company’s Board of Directors with more than 20 years of experience in the outdoor, active lifestyle and action sports industries. Meidell recently served as the CEO of Dakine Inc. until February 2019. Meidell is currently the CEO at Outerbike as well as an operating partner for Stride Consumer Partners.
Members of the 7-Nation Board of Directors include Scot Jarvis, company co-founder and chairman, Jeff Logosz, company co-founder and CEO, Mike Corliss, board member, Charles Fields-Marsham, board member, and Ken Meidell, board member.
Photo courtesy Slingshot Sports