Us Outdoor Sports Brand Kwik Tek Is Bought By Investment Group

The investment group composed of Falconhead Capital, LLC, a private sports fund focused on sports leisure and lifestyle and M3 Outdoor Investments recently announced the acquisition of the US outdoor sports brand Kwik Tek, Inc., and the specific paction terms have not yet been disclosed.

Kwik Tek, Inc., was founded in 1991 and is headquartered in Colorado. It designs and supplies outdoor sports, recreational water sports and winter sports products.

The products include rubber boats, lifejackets, water skiing boards, snow shoes, climbing sticks, sleigh, leisure products and related accessories.

Its brands include Airhead, Sportsstuff and Yukon Charlie 's.

Aaron Kramer, founder and CEO of Kwon Tek, said, "I'm glad to be able to work with Falconhead Capital and M3 Outdoor."

They have rich market experience that can help us win more people's love and expect us to continue our previous successes. "

David S. Moross, chairman and chief executive officer of Falconhead Capital, added: "we are pleased to work with Aaron Kramer and Mike Noell to enhance the market value of Kwik Tek for all stakeholders.

Kwik Tek's leadership team has made great efforts in developing multi-channel distribution networks such as Airhead, Sportsstuff and Yukon Charlie.

Kwik Tek provides a powerful platform to help its brand innovation and development to achieve rapid growth.

Investment banking company Lazard Middle Market and LLC are the exclusive financial advisers of Kwik Tek.

Greenberg Traurig, LLP, is a legal adviser to Falconhead Capital.

JPMorgan provides advanced revolving credit loan for pactions, while LBC Credit Partners provides advanced short-term financing.