The world's largest motorcycle adventure travel company
Founders :: Jeff Brown and Chris McIntyre
Intrepid helped EagleRider find the right financial partner to execute its ambitious global expansion plan.
Starting out with just four bikes in a Los Angeles garage, co-founders Chris McIntyre and Jeff Brown pioneered the Harley-Davidson motorcycle rental concept and guided-motorcycle tour business. Recently, EagleRider embarked on a process to seek a value-added partner that could help execute its vision to create the ubiquitous brand in motorcycle travel, retaining Intrepid to advise the company on its strategic options, including securing additional capital and buying out the early, passive shareholders.
Through a carefully planned process, Intrepid introduced EagleRider to several prominent and highly qualified potential partners. EagleRider selected Main Post Partners, a private equity firm that supports the company with rolling out its strategic growth plan through initiatives including pursuing transformative acquisitions.
EagleRider is thriving, and along the way it is transforming the way people experience adventure on the open road.
Award-winning innovator in the microphone technology and audio production market
CEO :: John Maier
Intrepid helped Transom achieve liquidity and paired the Blue management team with a value-added investor similarly focused on growth.
Blue Microphones gear is used by platinum-selling artists and music producers who work with international musical icons. Founded in 1995, Blue began by manufacturing high-performance microphones used by professional artists like Bruce Springsteen, Sting and Coldplay. In 2005, Blue debuted the first USB microphone, which is now used by consumers for chatting, podcasting and home recordings.
A portfolio company of Transom Capital Group, Blue engaged Intrepid to explore a sale process to return capital to its investors and provide management with a partner for continued growth. Intrepid positioned Blue at the forefront of an unprecedented convergence of professional and consumer content creation, and effectively communicated the opportunity to potential suitors in a compelling manner to heighten interest and valuations. After a comprehensive marketing process, Blue selected The Riverside Company, a global private equity firm that has invested in more than 300 companies and has an international portfolio that includes more than 75 companies, as the buyer for the company.
Intrepid achieved a premium valuation in a rapid time frame, closing within less than 45 days from signing the letter of intent.
Creative advertising agency hot shop, named “Top 10 Agencies to Watch” by Ad Age
President :: Rachel Spiegelman
Intrepid helped Pitch find the right partner to expand its global reach.
Pitch is a full-service creative advertising agency based in sunny Southern California. Founded in 2008, Pitch handles advertising work for widely recognized brands such as Burger King, Nestle Waters, Netflix, Pepsi, Citrix, Waldorf Astoria, Public Storage and Coffee Bean & Tea Leaf. Along with its breakthrough creative that delivers a "Return on Creativity" for all of their clients, Pitch’s awards include Ad Age’s "Agency to Watch” and two "Best Campaigns of the Decade", the inaugural “Creative Favorites Award” from Twitter, and a Titanium Grand Prix at Cannes. Moreover, Rachel Spiegelman, Pitch President, was named one of Business Insider’s "30 Most Creative Women in Advertising" and Ad Age’s "40 under 40".
The team at Pitch had a strong vision for the future of the business and, more important, how they served current and potential clients. Intrepid acted as exclusive M&A advisor to Pitch and was tasked with finding a partner for the business that could help the team reach their goals, but that would also continue to enable them to have the strategic and creative flexibility and vision that had led to the founding of Pitch. Intrepid advised Pitch on its sale to Project: Worldwide Inc., an independent, global network of complementary, wholly owned agencies. Project has a network of 11 agencies spread across 45 global locations.
The cultural fit was important to both Pitch and Project: Worldwide. Intrepid is pleased to have facilitated a partnership that aligns the vision of both teams.
Deal Team Contact
Leading hair care company dedicated to the professional salon channel
CEO and President :: David Berglass
Intrepid helped DAVEXLABS build a foundation for a high-growth beauty care brand devoted to healing hair care.
David Berglass, CEO and president of DAVEXLABS, had previously partnered with private equity group Caltius Equity Partners to build the L’ANZA brand. The company's portfolio is comprised of salon retail products, including shampoos, conditioners, hair sprays and styling products, as well as a rapidly growing line of service-based products that include hair color and treatment systems. Following a successful partnership, Caltius sought to exit its investment, while David desired to continue to invest and grow the brand.
With multiple shareholder objectives in play, Intrepid worked with DAVEXLABS to time market entry to best demonstrate sales momentum and growth of recent initiatives. Leveraging its current knowledge of and ongoing dialogue with the beauty care-acquirer landscape, Intrepid identified potential investors that could both pay a premium valuation and be a value-added partner to David and the L’ANZA brand going forward. Ultimately, WestView Capital Partners was selected and provided a growth investment.
Intrepid will watch with great enthusiasm as David and WestView continue to rapidly expand the L'ANZA brand.
Counter-culture streetwear brand founded by iconic skateboarding legend
Founder :: Keith Hufnagel
Intrepid helped HUF find the ideal financial partner to execute its aggressive growth plan, while maintaining its brand integrity.
Made by skateboarders for skateboarders, HUF represents a forward-thinking skateboard brand that's not afraid to push the envelope. Beyond skateboard enthusiasts, the brand appeals to any individual inspired by the vast array of countercultures with similarities to the skateboarding lifestyle. HUF sells its branded apparel, footwear, hats, socks, and other accessories through more than 500 specialty retailers across the United States and in more than 20 countries. The company also collaborates on limited edition items with culture icons, artists, and prominent brands such as Blondie, Snoop Dogg, Thrasher, Jansport, Diamond Supply Co., and Incase.
HUF approached Intrepid to assist it with finding a financial partner that could help build the infrastructure of the company to support its explosive growth, while also expanding its product categories and international distribution. The HUF shareholders were focused on finding a partner that would preserve its unique culture and protect its brand integrity. Intrepid used its deep sector knowledge to introduce the shareholders to private equity firms with a clear understanding of the power of brand equity and culture. Intrepid identified and assisted HUF with the implementation of structural changes that resulted in millions of dollars of incremental value to the shareholders. After a careful selection process, HUF chose to partner with Altamont Capital Partners, a private investment firm based in the San Francisco Bay area with more than $1 billion in capital. Altamont is an investor in iconic brands including Fox, Dakine, Billabong, Mervin and Brixton.
Intrepid continues to feel excited every time we see HUF being prominently worn by trendsetters from high-profile celebrities to the kids at the skate park.
The nation’s leading privately owned supplier of branded, licensed and private-label apparel
Founder and CEO :: Jarrod Dogan
Intrepid helped Hybrid Apparel complete a highly strategic and complex transaction involving three separate entities.
Founded in 1997, Hybrid Apparel has built a world-class sourcing and global supply chain, serving brands that include Reebok, Dakine, and Levi’s, as well as Disney, Coors, Coca-Cola, GM/Chevrolet, The Beatles, Grateful Dead, and Star Wars.
Hybrid engaged Intrepid to secure the best capital partner to pursue the acquisition of Fox Head Inc., the iconic brand in the motocross apparel and accessories industry. In a complex three-way recapitalization transaction, Hybrid, Altamont Capital Partners and a member of the founding Fox family partnered to invest in a newly formed entity that owns the operations of Fox Head and Hybrid. While Altamont helped lead the majority recapitalization of Fox Head, the founding Fox family and Hybrid continue to own significant interests in the combined entity.
Intrepid is proud to have served as exclusive financial advisor to Hybrid in one of the largest and most strategic transactions in recent action sports and apparel industry history.