For more information
Gerald L. Mars
Boardriders Inc., ("Boardriders"), a portfolio company of Oaktree Capital Management and a leading global action sports and lifestyle company that designs, produces and distributes branded apparel, footwear and accessories under the Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element brands has sold its Xcel wetsuit brand to Colorado-based ZG Holding LLC ("ZG Holdings").
The divestment of Xcel is strategically aligned with Boardriders’ recently-announced multi-year growth agenda that is driving investment into a number of new growth initiatives across its six primary global brands. Those initiatives are focusing on funding its continuing digital transformation, category extensions, changing go-to-market models, new partnerships, product development speed programs, and enhanced sustainability efforts.
ROTH Capital Partners served as exclusive financial advisor to Boardriders.
Terms of the transaction were not disclosed. For more information, please
CLICK HERE for the company press release.
About Boardriders, Inc.
Boardriders, Inc., is a leading action sports and lifestyle company that designs, produces and distributes branded apparel, footwear and accessories for Boardriders around the world. The Company's apparel and footwear brands represent a casual lifestyle for young-minded people who are inspired by a passion for outdoor action sports. The Company's Quiksilver, Billabong, ROXY, DC Shoes, RVCA, and Element brands have authentic roots and heritage in surf, snow and skate. The Company's products are sold in more than 110 countries in a wide range of distribution, including surf shops, skate shops, snow shops, its proprietary Boardriders shops and other Company-owned retail stores, other specialty stores, select department stores and through various e- commerce channels. For more information, please visit and
(Source: Company Press Release | 03.17.20)
About ZG Holdings, LLC
ZG Management provides CRM, ERP, and a wealth of knowledge focused on the outdoor, snowsport, bike and consumer products industries. We build, buy, and grow brands we believe in. ZG Holdings was founded by Jarka Duba in 2015. Prior, Jarka founded and led sporting goods company POC USA through its acquisition by Black Diamond Inc. Specialties: Sales and marketing, competitive analysis, building brand awareness, strategic planning, advertising programs, team building, supply chain management, financial analysis, expense control, budgeting, outside sales reps, troubleshooting, manufacturing, information technology development, athlete management, strategic partnerships, skiing, snowboard, bike, outdoor, and resort. For more information, please visit and
www.zgholding.com. (Source: asbmag.com | 03.19.20)
About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and
their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading,
market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and
maintains offices throughout the U.S. For more information on ROTH, please visit