TRANSACTIONS

ADVISER TO A SPORT INC.

Grand Avenue Advised on the Sale of the company, a California manufacturer/marketer of Avalanche  and Silence snowboards, Neptune wakeboards, Universal bindings, and Straight Line water sports accessories to the Yoshida Group 

 

Private long term California investors Bill Zimmerman and James Galbriath invested $1.55 million convertible subordinated debt in A Sport to grow the business, buying the ASM  manfacturing plant from premier winter sports company Scott.  The acquisition also give A Port Avalanche and Silence additional factory space, plus added OEM business.

 

The strategy of combining snowboards and wakeboards made eminent sense, allowing full manufacturing of winter and summer sports products year round. However, execution of the strategy failed and the company was put up for sale. Grand Avenue was engaged to sell the then distressed company keeping its lender in weekly communication. Ultimately, the company was sold to the Yoshida Groupm adding these product lines to its Arnell Snowboards and  its Molly snowboard brand (later renamed MLY)

 

 

About Grand Avenue Capital  Investment Bankers

 

Grand Avenue Capital is an investment banking firm focusing on middle-market merger / acquisitions (both buy-side and sell-side engagements), private placements of capital for growth opportunities, valuations and strategic investment advisory services. in various industry sectors. Grand Avenue Capital's culture embraces teamwork, tenacity, perseverance  and creativity to provide our domestic and international clients exceptional value, delivering skillful positioning and relentless execution.  Grand Avenue Capital becomes a trusted adviser to its clients.  

 

Based in Pasadena, California and Chicago, Illinois, Grand Avenue Capital augments its international capabilities through its active participation in One to One Corporate Finance,   an exclusive global alliance of M&A advisory firms.

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