Experience

OUTDOOR CONSUMER PRODUCTS TRANSACTION

Integris Partners advised Kwik Tek, Inc., a leading designer and distributor of branded marine sporting goods and accessories, in its recently announced recapitalization by Guardian Capital Partners. Founded in 1991, Kwik Tek is the market leader in towables and inflatables. Its product line also includes wakeboards, water skis, kneeboards, life jackets, waterproof cases, protective fenders, and tow ropes. The company's products are marketed through marine distributors, mass retailers, and sporting goods and outdoor chains, under the brands Airhead and Sportsstuff. This transaction represents the latest in a series of transactions led by Integris in the outdoor/recreation area of consumer products.

Aaron Kramer, CEO of Kwik Tek, said, “The Integris team was a long term advisor for my business. We met several years ago, and they worked with me on a number of strategic initiatives designed to enhance the company's appeal as an investment proposition. In the end, Integris helped Kwik Tek and its shareholders to prepare and position the business for a recapitalization, achieve its overall goals and objectives, and ultimately, allow me to continue in my role as CEO, while maintaining a significant equity position going forward.”

Kramer also added, “Kwik Tek has achieved unprecedented growth over the last several years, and the business had reached a place where it was ready for the addition of a financial sponsor. In Guardian Capital, we have a partner with a wealth of experience in consumer products, seasonal businesses, and various sales channels. I'm excited to see where we can take this great company together.”

Based in Philadelphia, Pennsylvania, Guardian Capital Partners is a private equity group focused on consumer products and services. Its portfolio companies have included Rio Brands and Sure Fit, Inc.

For additional information on the transaction, please contact Patrick Seese, Ethan Furtek or Jared Syke.