Burton Snowboards has agreed to terms for the sale of Channel Islands Surfboards brand to CI Surfboards LLC, which is led by Britt Merrick and comprised of senior members of the Channel Islands management team, employees and team riders.
“For my family and all of us at Burton, this is a very happy ending to Burton’s chapter in the Channel Islands Surfboards’ history,” said Donna Carpenter, owner of Burton Snowboards. “We look forward to the day when CI returns home to the Merrick family, and we know the brand will be in good hands with Britt Merrick, Scott Anderson and the dedicated employees and team riders at Channel Islands.”
“We’re extremely grateful for our time with everyone at Burton, they’ve been nothing but good to us over the last 14 years—and continue to be incredibly supportive during this transition,” explained Scott Anderson, CI’s General Manager for the last 25 years. “A lot of the staff at CI have been here their entire adult lives, so it feels natural to us that the business becomes an employee and team rider run model.”
The surfboard brand, based in Carpinteria, CA, was founded by Al and Terry Merrick in 1969 and purchased by Burton Snowboards in 2006 to help Channel Islands. Under this partnership, it was able to build a local factory and expand its reach. A reader survey conducted by Stab last month named Channel Islands Surfboards as its favorite board brand of 2020. Channel Islands is in the midst of one of its most profitable years in over a decade on sales from its FishBeard, Happy and Rocket Wide boards, and Spine-Tek.
“I literally grew up in my mom and dad’s surfboard factory and was there to see how hard they and their whole family of employees worked to make Channel Islands one of the most highly regarded board builders in the world,” recalled CI Surfboards new CEO Britt Merrick. “When Burton partnered with us, they provided an incredible amount of support and shared their knowledge, which ultimately helped us to keep building the best boards possible right here at home in Carpinteria, CA. This opportunity to take over ownership with my life-long friends that work here as well as having co-ownership with many of our top team riders is a dream come true for me and has us all super pumped for what the future holds.”
The transaction from Burton Snowboards to CI Surfboards LLC is expected to be complete by early 2021, subject to customary closing conditions. All employees will remain at the time of closing, and all athlete contracts will transition over to CI Surfboards LLC with no changes to existing agreements.
Photo courtesy CI Surfboards
