Intrepid Advises Leading Online Airsoft Retailer in Recapitalization

Intrepid announced today the recapitalization of Airsoft Zone Corporation (“Airsoft Megastore”) with JAYTS, LLC (“JAYTS”).

Airsoft Megastore, located in Irwindale, California, is one of the largest and fastest-growing online airsoft retailers in the nation through its website www.airsoftmegastore.com. The company, founded by entrepreneur Mike Zhang and his family in 2004, retails over 4,000 SKUs including recreational airsoft guns, BB ammunition, accessories and tactical gear. Mike Zhang has been the driving force behind the company’s vision and business model to “Bring Airsoft to the MassesTM” by offering an industry leading product selection, value proposition and customer experience that makes the sport of airsoft both accessible and affordable to all players. In October of 2012, Empact 100 recognized Airsoft Megastore, during a ceremony held at the White House in Washington, D.C., as one of the “Top 100 Companies Started by Young Entrepreneurs” in the U.S.

JAYTS is an investment vehicle formed by Jay Snider for the purpose of consummating the recapitalization of Airsoft Megastore. Jay Snider is a lifelong entrepreneur and seasoned business executive with vast experience creating, managing and growing a diverse group of businesses. Most recently, Mr. Snider founded and served as Managing Partner of Snider Capital, a venture capital firm focused on opportunities in sports and recreation. Mr. Snider also served for 11 years as President of the Philadelphia Flyers and for seven years as President of Spectacor (now known as Comcast-Spectacor). Previously, Mr. Snider founded and grew SpectaGuard into the dominant provider of closely supervised, highly trained and motivated security guard personnel.

“As an entrepreneur, I identified with Jay’s tenacity and ability to build and manage fast-growing businesses,” said Mike Zhang, Airsoft Megastore’s Founder and CEO. “When considering partners for this next step in our company’s evolution, it was crucial for us to select a partner who understands the opportunities and challenges we will face as a rapidly growing business and can help us expand our position as a category leader in the sector. The team at Intrepid understood our objectives and was able to expertly structure a transaction that perfectly suited our needs.”

“Mike and Jay will make a great team,” said Ed Bagdasarian, President and Managing Director of Intrepid. “Mike’s knowledge of the airsoft sector and the ecommerce industry coupled with Jay’s experience in building successful entrepreneurial businesses will allow Airsoft Megastore to widen its leadership position in the marketplace. I look forward to watching with great interest the company’s continued growth under the joint leadership of these two proven entrepreneurs.”

Senior financing for the transaction was provided by Pacific Western Bank. Rutan & Tucker, LLP served as legal advisors to Airsoft Megastore. HighBank Advisors and Stradling Yocca Carlson & Rauth, P.C. served as financial and legal advisors, respectively, to JAYTS.

The Intrepid transaction team included Ed Bagdasarian, Steve Davis, Adam Abramowitz, Brian Levin and Meghan Stenger.

Deal Team Contacts

About Intrepid Investment Bankers

Intrepid Investment Bankers provides M&Acapital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.

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