Harris Williams & Co. Advises SKLZ on its Growth Equity Investment from Steelpoint Capital Partners
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that Pro Performance Sports, LLC (d/b/a SKLZ) a leading developer and marketer of sports and athletic performance training products, has received a growth equity investment from Steelpoint Capital Partners, L.P. (Steelpoint). Harris Williams & Co. acted as the exclusive advisor to SKLZ. The transaction closed on October 10, 2013 and was led by Todd Morris, Mike Wilkins, Andy Dixon, Matt Conaty and David Bhattacharyya from Harris Williams & Co.’s San Francisco office along with Glenn Gurtcheff from the firm’s Minneapolis office.
“SKLZ has created a unique and powerful brand that defines the athletic training category. The company’s category leadership and culture of innovation create exciting growth opportunities in both hard goods as well as instructional content and programming, player evaluation events and training clinics,” said Glenn Gurtcheff, a managing director at Harris Williams & Co. “We believe SKLZ has the potential to become a global sports lifestyle brand.”
“Steelpoint Capital’s investment in SKLZ is representative of the strong investor interest we see in both the athletic and health and wellness markets,” added Todd Morris, a managing director at Harris Williams & Co. “This transaction represents an incredible partnership and is a great outcome for all parties involved.”
Based in Carlsbad, CA, SKLZ is the category pioneer, market leader and only company holistically addressing athletic performance and sport-specific training through a unique offering of innovative products, instructional content and programming that enables all athletes to reach their full potential. SKLZ delivers broad lines of training products across a variety of sports including baseball, fastpitch, golf, football, basketball, soccer and more. The company provides durable, best-in-class training tools that can be found around the world at major sporting goods retailers, specialty shops, mass merchants, leading online retailers and SKLZ.com.
Steelpoint invests in growing consumer companies in the health, wellness and fitness sectors. Headquartered in San Diego, CA, Steelpoint looks to partner with companies that possess authentic brands and clear opportunities for growth. Steelpoint's team draws on extensive operating and investment experience to provide value-added support to portfolio companies and their management teams. Representative investments in the consumer sector include prAna, Greatcall, EAS, Naked Juice and many others.