Altamont Capital Partners has acquired Mervin Manufacturing, Inc., designer and manufacturer of Lib-Tech, GNU, and Roxy snowboards, from Quiksilver, Inc.
Mervin is a worldwide leader in high performance snowboards with a history of technology innovation, cutting-edge team riders and high quality USA manufacturing. Mervin also designs and manufactures snowboard apparel, surfboards, skis, skateboards and snowskates.
Commenting on the deal, Randall Eason, Managing Director at Altamont said: “Mervin produces consistently superior products – and that's why Lib-Tech, GNU, and Roxy have passionate retail relationships and consumer following. We're thrilled to have the opportunity to build on that legacy in partnership with the Mervin team.”
Mervin will operate as an independent, standalone company and will continue to be led by Ryan Hollis, Mike Olson and Pete Saari. Ryan Hollis, CEO of Mervin Manufacturing, commented: “We are proud of the brands we have built but are even more excited about the future growth of our business in partnership with the Altamont team.”
Altamont Principal Steve Brownlie commented: “The team at Mervin lives for snowboarding, surfing, skiing and skating – it's the culture of the company to constantly think about how they could make Mervin boards even better. We have confidence in our investment because of the passion and energy the Mervin team has for their sports, their products and everything they do.”
Mervin is the second acquisition in the action sports industry for Altamont this year. Earlier this summer, Altamont acquired Dakine, a leading outdoor products company, from Billabong. Scott Olivet, former CEO of Oakley and senior executive at Nike, has joined Altamont Capital Partners as an Operating Partner and is Chairman of DAKINE. Scott will also serve as Chairman of Mervin.
