Harris Williams Advises BOA Technology Inc. on its Pending Sale to Compass Diversified
September 23 2020 - 10:57AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising BOA
Technology Inc. (BOA) on its pending sale to Compass Diversified
(NYSE: CODI), for a purchase price of $454 million (excluding
working capital and certain other adjustments upon closing). BOA is
the creator of the award-winning BOA® Fit System, delivering
superior fit and performance in the outdoor, athletic, workwear and
medical bracing markets worldwide. The transaction is being led by
Ryan Budlong, Corey Benjamin, Christopher Neils and Jun Ye of the
Harris Williams Consumer Group.
“With its revolutionary technology and diverse intellectual
property portfolio, BOA has established itself as a clear market
leader across a wide array of segments, including snowboarding,
cycling, golf, trail, hiking, mountaineering, running, court
sports, workwear and medical,” said Ryan Budlong, a managing
director at Harris Williams. “BOA’s products are utilized by
millions of consumers around the world seeking to meaningfully
improve their performance.”
“BOA is a disruptive, innovative company and true industry
pioneer. We are proud to have worked with BOA on this next step of
their journey, a transaction that extends our firm’s track record
in the branded consumer products space. We look forward to BOA’s
next chapter under their new partnership with CODI,” added Corey
Benjamin, a managing director at Harris Williams.
Shawn Neville, CEO of BOA, said, “Harris Williams has been an
outstanding partner throughout the process, especially navigating
through these unprecedented times and delivering a great outcome
for all constituents.”
BOA, creators of the revolutionary, award-winning, patented BOA
Fit System, partners with market-leading brands to make the best
gear even better. Delivering fit solutions purpose-built for
performance, the BOA Fit System is featured in products across snow
sports, cycling, hiking/trekking, golf, running, court sports,
workwear, medical bracing and prosthetics. The system consists of
three integral parts: a micro-adjustable dial, super-strong
lightweight laces and low friction lace guides. Each unique
configuration is engineered for fast, effortless, precision fit,
and is backed by The BOA Guarantee. BOA is headquartered in Denver,
Colorado with offices in Austria, Hong Kong, China, South Korea and
Japan.
CODI owns and manages a diverse family of established North
American middle market businesses. Each of its current subsidiaries
is a leader in its niche market. CODI maintains controlling
ownership interests in each of its subsidiaries in order to
maximize its ability to impact long-term cash flow generation and
value. The company provides both debt and equity capital for its
subsidiaries, contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated by its
subsidiaries to invest in the long-term growth of the company and
to make cash distributions to its shareholders.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including branded consumer products; consumer services; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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