Evolucion Innovations, Inc., doing business as evogear.com, completed an equity capital offering in order to support its rapidly
growing online and retail businesses. The amount of the funding was not disclosed.
Upon closing of the transaction,
evo received cash proceeds that will be used to fund working capital and
refinance its existing balance sheet. Silver Steep Partners served as
the exclusive financial advisor to evo during the offering.
Headquartered in Seattle, WA, evo (www.evogear.com) is one of the fastest growing multi-channel retailers of action sports equipment, apparel, and accessories in North America. The company's comprehensive product offering includes hard goods and soft goods that appeal to the urban, action sports consumer and are inspired by and for use in skiing, snowboarding, skateboarding, and wakeboarding. evo carries popular large-scale brands such as K2, Burton, Rossignol, Billabong, and The North Face as well as influential niche brands such as RVCA, WESC, DaKine, Obey, and Spacecraft.
“We are extremely pleased to close this latest round of financing. This significant investment marks an important milestone in evo's strategic plan, and we will benefit immensely from the additional capital to fund our growing business,” said evo's President Atsuko Tamura, in a statement.
