D.A. Davidson & Co. announced that it has acquired Silver Steep Partners LLC, the 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, closed 16 deals in the outdoor and active lifestyle sector over the last few years.
The deals have included Black Diamond Equipment, Helly Hansen, and Massif Mountain Gear. Pund and Farinholt will join D.A. Davidson's existing office in Seattle.
Pund joins D.A. Davidson's Investment Banking Group as a Managing Director. Prior to cofounding Silver Steep, he worked for RBC Capital Markets, Prudential Securities, and Interstate/Johnson Lane. Pund has spent the majority of his career advising branded consumer products companies in an array of public equity, private placement, and mergers and acquisitions assignments generating more than $4 billion in transaction value.
“We are excited to join forces with D.A. Davidson,” Pund said. “The Davidson platform will provide us with the tools and infrastructure necessary to offer a more comprehensive set of products and services to our clients while still maintaining our unique industry focus.”
Farinholt joins D.A. Davidson's Investment Banking Group as a Principal.
Prior to co-founding Silver Steep, Farinholt held investment banking positions at RBC Capital Markets and J.P. Morgan. Over his career, Farinholt has advised companies on transactions totaling in excess of
$2 billion in transaction value.
The acquisition of Silver Steep Partners enhances D.A. Davidson's commitment to the outdoor and active lifestyle industry.
“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.”
Terms of the transaction were not disclosed. Davis Wright Tremaine served as legal advisor to Silver Steep Partners.
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. D.A. Davidson's 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.
