Elvisridge Capital has acquired Glacier Grove, a Reno, Nevada, based maker of specialty outdoor activity gloves. No financial terms were disclosed. Generational Equity advised Glacier Glove on the deal.
DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Glacier Outdoor, LLC (dba Glacier Glove) to Elvisridge Capital, LLC. The acquisition closed April 1, 2022.
Located in Reno, Nevada, Glacier Glove (GG), founded in 1982, manufactures and distributes specialty outdoor activity gloves. The Company also sells hats, sun protection products, hoods, and other complementary products. GG utilizes the finest fabrics that function in cold, wet, or windy conditions.
GG targets fisherman, hunters, paddlers, cyclists, ice climbers, hikers, Navy Seals, government entities, expeditions, mountain climbers, military operations, and other outdoor enthusiasts throughout the world. GG is well known in the national market and has an excellent reputation for the breadth of products offered, customer service, and the timely delivery of products.
Elvisridge Capital (EC), based in Beechwood, Ohio with additional offices in Tampa and Detroit, is a private investment firm offering personal attention, operational expertise, and strategic resources to the companies it acquires. The firm’s target investment sectors include sportfishing and landscape products.
Michael Southard, Managing Director with EC, said, “Glacier Glove fits well with our existing portfolio companies in this space. Our strategy will be to continue to add distribution points, as well as increase the speed and quantity of product development.”
Glacier Glove will now join Elvisridge Capital’s other fishing-related brands, Blackfin Rods and BBS (FINS Fishing), a fishing line manufacturer.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Managing Director M&A, Chad Comroe, with the support of Senior Vice President of M&A Amy Wall successfully closed the transaction
“Glacier Glove fits perfectly within Elvisridge Capital’s fishing theme,” said Comroe. “I am excited to watch them grow together in the future.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 250 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.