Bravo Sports, a portfolio company of Transom Capital Group, has acquired Dwindle Distribution. The seller was Globe International. No financial terms were disclosed.
D.A. Davidson served as financial adviser to Globe International on the deal.
Dwindle is a premium skateboard designer, manufacturer and distributor that owns iconic brands such as Almost, Blind, Darkstar, Dusters, Enjoi, Speed Demons, Superior, and Tensor Trucks. Dwindle also includes Douglas Street Manufacturing (DSM), an OEM business for leading skateboard brands.
James Oh, a partner at Transom said, “We are thrilled to add Dwindle Distribution to our Bravo Sports investment platform. Being a leader in the skateboard category in mass and specialty distribution channels and augmenting our brand portfolio towards the premium part of the market is exciting. Furthermore, we believe that this acquisition clearly makes Bravo Sports an industry leader.”
“I am very excited to welcome the Dwindle portfolio of brands to the Bravo Sports family. Dwindle, as a leading premium skateboard company, will be integrated into Bravo’s specialty division, Highline Industries. Highline also includes leading skateboarding specialty brands, Sector 9 and Pro-tec. Together, these highly complementary brands make Highline a market leader that is poised to capitalize on the resurgence of the skateboard category.” said Nick Schultz, President of Bravo Sports.
Russ, August, and Kabat LLP acted as corporate legal advisor to Transom. D.A. Davidson acted as financial advisor and Buchalter & Nemer LLP acted as legal advisor to Globe International.