M&A Deal Summary

Kwik Tek Acquires Synergy Sportz

On May 20, 2014, Kwik Tek acquired apparel/textiles company Synergy Sportz

Acquisition Highlights
  • This is Kwik Tek’s 1st transaction in the Apparel/Textiles sector.
  • This is Kwik Tek’s 1st transaction in the United States.
  • This is Kwik Tek’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2014-05-20
Target Synergy Sportz
Sector Apparel/Textiles
Buyer(s) Kwik Tek
Deal Type Add-on Acquisition
Advisor(s) Capstone Partners (Financial)

Target

Synergy Sportz

Pocasset, Massachusetts, United States
Yukon Charlie's is a branded recreational products company that designs and develops winter sports and outdoor lifestyle products, specializing in snowshoes and complementary products such as sleds, trekking poles, winter apparel, gaiters and traction products, and shovels.

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Buyer(S) 1

Buyer

Kwik Tek

Denver, Colorado, United States

Category Company
Founded 1991
Sector Consumer Products
DESCRIPTION

Kwik Tek, Inc. is a designer and supplier of outdoor branded products for the recreational watersports and winter sports markets. Its product line includes towables, inflatables, life jackets, wakeboards, kneeboards, snowshoes, trekking poles, snow sleds, pool floats, lounge items, and related accessories. Kwik Tek supplies products through their trusted consumer brands including Airhead, Sportsstuff, and Yukon Charlie's. Aaron Kramer, founder, CEO and President of Kwik Tek said, "I am excited to be partnering with Falconhead Capital and M3 Outdoor. Their market expertise makes them the perfect partners to help ensure that even more people can enjoy our exciting products.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1