Prime Rate Investors has acquired a majority ownership of Stockli USA, LTD., the Denver, Colorado based distributor of Stockli skis, bikes and sportswear. Stockli is based in Wolhusen, Switzerland, where its high performance line of skis and bicycles are manufactured.

Stockli Ski USA, which has been opearting for ten years, is the exclusive distributor of Stockli skis, bikes and sportswear in the U.S. Stockli supplies bikes and skis for the respective Swiss National teams, and produces signature series of pro-model skis for world class free skiers including Scot Schmidt and Dominique Perret.

Schmidt pioneered “extreme” skiing in North America and is Stockli USA's primary athlete as well as head of the U.S. research and development team.

“I am proud of the direction we are taking Stockli, and excited to participate in its overall expansion,” enthused Schmidt. Stockli USA President Nicholas Sprung asserted, “The resources that Prime Rate Investors brings to Stockli USA will allow us to capitalize on the growing demand for Stockli, while increasing the brand's overall presence in North America.”

Prime Rate Investors management noted the acquisition will be accretive to earnings and is expected to add more than $1.3 million in annualized revenues.