Falconhead Capital, M3 Outdoor Investments acquire Kwik Tek
Colorado-based outdoor company Kwik Tek announced on Thursday that it has been acquired by an investment group comprised of Falconhead Capital, LLC and M3 Outdoor Investments. The terms of the transaction were not disclosed.
Founded in 1991, Kwik Tek is a designer and supplier of outdoor branded products for the recreational watersports and winter sports markets. The company supplies products such as towables, inflatables, life jackets, wakeboards, and related accessories through consumer brands Airhead, Sportsstuff, and Yukon Charlie's.
Aaron Kramer, Founder, CEO and President of Kwik Tek said, "I am excited to be partnering with Falconhead Capital and M3 Outdoor. Their market expertise makes them the perfect partners to help ensure that even more people can enjoy our exciting products. The dedication and hard work of Kwik Tek's employees have built our brands into what they are today. We look forward to building on our past successes and the opportunities that lay ahead."
Falconhead Capital, LLC is a middle market private equity firm that provides investors with significant long-term capital appreciation. The company’s portfolio includes GPS Industries, Javo Beverage Company, and Multi-Flow Industries, and its past investments include NYDJ Apparel, Rita's Water Ice, Competitor Group, Escort Holdings, National Powersport Auctions, Maritime Telecommunications Network, ESPN Classic Europe, Golf Warehouse.com and Tickets.com.
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