Kohlberg & Vo. Buys K2, Marker, Line, Ride, Volkl and Marmot from Newell

Ski Area Management has reported that Kohlberg & Co., L.L.C. purchased Newell Brands Inc.’s winter sports portfolio which includes K2, Volkl, Marker, Dalbello, Line, Full Tilt, Ride, Madshus, Atlas, Tubbs and BCA, for $240 million. ┬áKohlberg is a private equity firm specializing in add-on acquisitions, follow-on acquisitions, expansions, turnarounds, corporate carve-out, public-to-private transactions, and equity and debt investments in buyouts of mature and middle market companies. It does not invest in companies operating in the technology and emerging telecommunication sectors. The firm primarily invests in both stable and under performing companies with operational deficiencies. It seeks to invest in companies operating in the traditional manufacturing and services sectors with a focus on consumer product, industrial manufacturing, financial services, healthcare services, commercial services etc. ┬áThe portfolio recorded net sales of about $330 million in 2016 and an annual adjusted EBITDA of $25 million. ┬áKohlberg’s size and resources should should serve these companies well going forward.

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