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Generational Group Advises Glacier Glove in its Sale to Elvisridge Capital
By Generational Group
05/06/2022
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Glacier Outdoor, LLC (dba Glacier Glove), to Elvisridge Capital, LLC. The acquisition closed April 1, 2022.
Located in Reno, Nevada, Glacier Glove (GG), founded in 1982, manufactures and distributes specialty outdoor activity gloves. The Company also sells hats, sun protection products, hoods, and other complementary products. GG utilizes the finest fabrics that function in cold, wet, or windy conditions.
GG targets fisherman, hunters, paddlers, cyclists, ice climbers, hikers, Navy Seals, government entities, expeditions, mountain climbers, military operations, and other outdoor enthusiasts throughout the world. GG is well known in the national market and has an excellent reputation for the breadth of products offered, customer service, and the timely delivery of products.
Elvisridge Capital (EC), based in Beechwood, Ohio with additional offices in Tampa and Detroit, is a private investment firm offering personal attention, operational expertise, and strategic resources to the companies it acquires. The firm’s target investment sectors include sportfishing and landscape products.
Michael Southard, Managing Director with EC, said, “Glacier Glove fits well with our existing portfolio companies in this space. Our strategy will be to continue to add distribution points, as well as increase the speed and quantity of product development.”
Glacier Glove will now join Elvisridge Capital’s other fishing-related brands, Blackfin Rods and BBS (FINS Fishing), a fishing line manufacturer.
Generational Group Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Managing Director M&A, Chad Comroe, with the support of Senior Vice President of M&A, Amy Wall, successfully closed the transaction.
“Glacier Glove fits perfectly within Elvisridge Capital’s fishing theme,” said Comroe. “I am excited to watch them grow together in the future.”
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.