The company is headquartered in Ft. Wayne, Indiana and is the leading designer and manufacturer of paintball equipment and accessories. Tippmann markets and sells its products through various channels including independent distributors, dealers, and large retailers such as Wal-Mart and The Sports Authority. The company was owned by the Tippmann family.
Summit Partners is a global private equity and venture capital firm headquartered in Boston, Massachusetts. Summit has raised and manages over $6 billion in capital.
Challenges
The family sought to maximize value and liquidity and wealth diversification while enabling the founder to exit the businesss.
The family wanted to maintain meaningful involvement with the company.
The company operates in a relatively young and unknown business which added risk and uncertainty to the process.
Due to rapid growth, the company lacked certain systems and controls necessary for continued growth.
Results
Summit was identified as the buyer that possessed the financial resources and motivation necessary for a successful transaction.
Senior members of our team negotiated strong economic value to the shareholders, favorable employment agreements, and worked with company’s counsel to negotiate favorable contract terms.
Senior members of our team worked closely with the company’s financial personnel to formulate and analyze the data necessary to complete due diligence.
