D.A. Davidson & Co. acquired Silver Steep Partners LLC, an investment banking firm specializing in the outdoor and active lifestyle industry. The terms were not disclosed. Silver Steep Partners, based in Seattle is led by Nathan Pund and Robert Farinholt.


The firm closed 16 deals in the outdoor and active lifestyle sector over the last few years, including transactions involving Black Diamond Equipment, Helly Hansen and Massif Mountain Gear. Pund and Farinholt will join D.A. Davidson's existing office in Seattle.

Founded in 1935, D.A. Davidson & Co. has nearly $23 billion in client assets under management and serves clients nationwide from offices in 17 states. Its investment banking group provides full-service underwriting and advisory services for mid-size and growing companies, including public offerings, mergers and acquisitions, and private placements. The company already generates research on active lifestyle stocks.

“Expanding our presence in this area is a top priority for us,” said Brad Gevurtz, Head of Investment Banking for D.A. Davidson & Co. “Silver Steep has built a strong reputation as an industry leader through its advisory assignments and its access to senior executives globally. We believe Nathan and Robert will greatly complement and enhance our active lifestyle effort.”