When David Jacobs, president and founder of Spyder Active Sports, Inc. began looking for capital to support his ambitious growth plans, his financial advisors introduced him to CHB Capital Partners.
"I had a lot of trepidation about bringing a private equity firm into my business because of the stories I had heard about strong arm tactics and loss of control," says Jacobs. CHB ended up making a significant minority investment in Spyder that allowed Jacobs to maintain control of his company. "They are great partners," says Jacobs. "They suggest instead of demand and they are ready and willing to help."
CHB also added a new dimension to Spyder. "They bring a level of expertise in financial negotiations, strategy, business planning and market analysis that we have not had access to before," says Jacobs.
Spyder Active Sports, Inc. is a leading supplier of technical apparel and accessories for skiing, snowboarding and other active outdoor activities. They have sponsored the U.S. Ski Team since 1988 and their signature web print racing suits can be seen on World Cup and Olympic ski racers around the world.
"This year our sales are up 27% in a market where overall sales are down 20%. So we've taken significant market share from our competitors. We could not have done that without CHB's investment of capital and expertise."
- David Jacobs