Gen Cap America Inc said Nov. 29 that it has backed the management of Pyramyd Air Ltd in its acquisition of the company. Terms of the transaction were not disclosed. Pyramid Air, of Solon, Ohio, distributes air guns, airsoft guns, bb guns, and related parts and accessories. The Pyramyd Air management team, led by Val Gamerman, is staying on to run daily operations.
Nashville, Tenn., November 29, 2016 – Gen Cap America, Inc. announced today that it has supported management in its acquisition of Pyramyd Air Ltd. Terms of the transaction were not disclosed.
Pyramyd Air is the global leader in distributing air guns, airsoft guns, bb guns, and related parts and accessories – serving customers in more than 80 countries. With an established website and e-commerce platform, and distribution facilities across the country, Pyramyd Air is the premier e-commerce destination for air gun enthusiasts, competitive marksman, and small-game hunters around the world.
The Pyramyd Air management team, led by Val Gamerman, will stay on to run its daily operations.
“We are extremely excited to make an investment in Pyramyd Air and partner with its exceptional senior management team,” Gen Cap America Managing Director, Mark Isaacs, said in the release. “As a market leader, Pyramyd is well positioned to capitalize on exciting opportunities in its industry with the support of our new ownership structure.”
“Pyramyd and Gen Cap are a good fit together,” Gamerman said. “Our managerial philosophies and cultures are a match, and we look forward to the next chapter for Pyramyd Air.”
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.