Mervin Manufacturing, the owner of the Libtech, Bent Metal and Gnu action sports brands, has been acquired by Spring Capital Group, an Oregon‑based private investment firm.
Terms were not disclosed.
Mervin Manufacturing said in a statement that the acquisition “represents a significant milestone for Mervin Manufacturing, reinforcing its long‑term commitment to U.S. manufacturing, sustainable production, and the leadership team that has guided the company’s growth over the past decade.
“Spring Capital Group brings a long‑term, partnership‑driven investment philosophy that aligns closely with Mervin’s culture and mission. As a privately held firm, Spring Capital Group is able to take a patient, strategic approach, prioritizing brand integrity, employee well‑being, and operational excellence over short‑term pressures.”
A key component of the acquisition is Spring Capital Group’s “commitment to maintaining and strengthening Mervin’s U.S.-based production facility, recognized as the longest‑running snowboard factory in America. “The company will continue to design, engineer and manufacture most of its products in the U.S.
Mervin’s leadership team will remain in place.
“We are thrilled to welcome Mervin Manufacturing into the Spring Capital Group family,” said Tom Connor Jr. partner at Spring Capital Group. “Mervin is a rare American success story,an innovative, environmentally conscious manufacturer with deep roots in the Pacific Northwest. Our goal is simple: support the team, invest in the factory, and help the company continue doing what it does well.
“This is an exciting moment for Mervin,” said Anthony De Rocco, CEO, Mervin Manufacturing, “Spring Capital Group understands who we are and why our U.S. factory matters, not just to our employees, but to riders around the world. Their support allows us to keep innovating, keep building locally, and keep pushing the boundaries of what is possible in Snow and Surf action sports.”
