Zumiez, Inc. announced last week that one of its shareholders, Brentwood-Zumiez Investors, LLC, is offering more than 1.6 million shares of ZUMZ shares in a public offering, representing its entire stake in the action sports retailer. Piper Jaffray & Co. is acting as the sole underwriter for the offering. None of the shares are being offered by Zumiez, Inc. and the company will not see any of the proceeds from the offering.
ZUMZ shares closed Friday at $30.06, or more than triple its initial offering price when adjusting for a two-for-one split.
Brentwood-Zumiez Investors, LLC is an entity formed in 2002 by affiliates of private equity firm Brentwood Private Equity III, LLC to hold Brentwood Associates investment in Zumiez Inc.
