D3O said it has been acquired by Elysian Capital III LP.
The acquisition by Elysian Capital sees previous owners Beringea US & UK and Entrepreneurs Fund exit the business after six years of growth and allows for continued global expansion for the brand.
D3O’s patented technologies are used in helmet liner systems that mitigate against brain injury, low profile CE-certified body armour for motorcyclists, back-of-hand protection for industrial workers, and protective cases and screen shields for smartphones. D3O products used by the U.S. Department of Defense, Fox Racing, ZAGG, and Triumph Motorcycles.
Stuart Sawyer, CEO of D3O, said: “We are delighted to be working with Elysian for the next phase of growth for D3O. Our talented and hard-working team has done an exceptional job at establishing D3O as the market leader for impact protection. We look forward to building on this foundation through continued innovation delivering best-in-class customer service and providing a compelling brand value proposition. I’d like to thank our previous investors for the support they have given us in establishing D3O, we now look forward to scaling the business and realizing the significant opportunities to protect people and their things around the world.”
James Cunningham, partner, Elysian Capital, said: “We have been very impressed with the way Stuart and the team have developed the D3O brand and the breadth and quality of the customers the company serves. We look forward to supporting them as they realize the potential for the brand across existing and new market segments.”
Photo courtesy D3O