BDO Capital Advisors Announces the Sale of Rallysport Direct to Premier Performance
Los Angeles, CA - May 18, 2015 - BDO Capital Advisors, LLC is pleased to announce that Premier Performance, LLC (“Premier”) acquired substantially all of the assets of RallySport Direct, LLC (“RSD”) on April 30, 2015. Premier is owned by Capital Partners Private Equity Income Fund II, LP (“CP II”) along with Premier’s senior management and prior majority owner Brighton Partners, LLC. Terms of the transaction were not disclosed. RSD founder Nick Widdison continues as RSD President and a substantial owner of the combined business.
As the exclusive financial advisor to RSD, BDO Capital prepared confidential marketing materials, identified and contacted a targeted group of potential buyers and assisted management in structuring and negotiating the transaction.
RSD sells aftermarket performance products to automotive enthusiasts through both the online retail direct-to-consumer channel and the wholesale distribution channel to repair, aftermarket installation shops, and online and brick-and-mortar retailers. RSD was founded in 2003 by Mr. Widdison and has rapidly grown to thousands of SKUs. RSD currently works with more than two hundred different vendors and sells products to thousands of active direct-to-consumer retail and wholesale distribution customers. RSD is headquartered in Draper, UT. Premier believes that RSD’s rapid growth, leading position in its niche market, and proprietary, value-added online product and user content, among other things, made this an attractive investment for Premier. As part of this transaction, RSD retained its employees, vendors, and customers.
Premier is a leading aftermarket wholesale distributor of performance parts and accessories primarily for diesel pickup trucks. Premier distributes its products to truck repair, aftermarket installation shops and online and brick-and-mortar retailers. Premier is headquartered in Rexburg, ID, and distributes its products through seven facilities located in the United States and Canada. As with its other investments, Capital Partners® structured the Premier and RSD transactions primarily with equity and only a moderate level of debt financing in order to provide a strong balance sheet from which to implement a growth plan.
Capital Partners®, headquartered in Norwalk, Connecticut, and founded in 1982, is a private equity firm that acquires and builds small and middle-market manufacturing, distribution and service companies. Capital Partners® invests using higher-equity and lowdebt capital structures to provide stability and allow companies to grow while making quarterly distributions of excess cash flow to all shareholders. This structure is often attractive to business owners considering reinvestment or continued involvement in the business post transaction. Capital Partners® works closely with management teams to develop strategies for portfolio companies, as well as provide resources to execute plans and build stronger businesses.
Brighton Partners is an Atlanta-based private equity firm which seeks to invest in value-added distribution and service companies with significant potential for long-term growth. In addition to capital, Brighton Partners brings analytical tools, systems expertise, industry insight, and hands-on small business investing experience to each of its portfolio companies.
ABOUT BDO CAPITAL ADVISORS, LLC
BDO Capital Advisors, LLC is a leading middle market investment bank that focuses on mergers and acquisitions advisory, capital raising, and board advisory with offices located throughout the United States. The firm has deep industry knowledge, extensive cross-border transaction experience, and superior execution capabilities. BDO Capital Advisors, LLC provides sell-side and acquisition advisory, ESOP advisory, private placements, fairness opinions, and capital markets advisory. The firm has broad industry expertise and contacts having closed transactions within the Manufacturing & Distribution, Consumer, Food & Retail, Healthcare & Life Sciences, Business Services, Energy & Natural Resources, and Technology, Media & Telecom sectors. Our seasoned investment bankers have collectively advised on hundreds of transactions for a variety of clients including family-owned businesses, entrepreneur-led companies, public corporations, and leading private equity firms.
The firm has worldwide access to buyers, sellers, and offshore investors via the Corporate Finance practices of BDO International’s network of independent member firms which have been ranked collectively as a Top 5 global M&A midmarket advisor based on total deal volume announced in 2016, according to Thomson Reuters SDC. BDO International Corporate Finance firms operate in approximately 60 countries with over 2,000 professionals who are able to meet the investment banking needs of clients across the globe.