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Move strengthens firm’s investment banking presence in the outdoor, active lifestyle industry
LAKE OSWEGO, Ore. – Dec. 8, 2010 – D.A. Davidson & Co. today announced that it has acquired Silver Steep Partners LLC, an investment banking firm specializing in the outdoor and active lifestyle industry. Silver Steep Partners, based in Seattle, is led by Nathan Pund and Robert Farinholt, two senior investment bankers with a strong track record of advising clients, having closed 16 deals in the outdoor and active lifestyle sector over the last few years. Pund and Farinholt will join D.A. Davidson’s existing office in Seattle.
Pund joins D.A. Davidson’s Investment Banking Group as a Managing Director. Prior to co-founding Silver Steep, he worked for RBC Capital Markets, Prudential Securities and Interstate/Johnson Lane. Pund has spent the majority of his career advising branded consumer products companies in an array of public equity, private placement, and mergers and acquisitions assignments generating more than $4 billion in transaction value.
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Online Holiday Sales Skyrocketing – KGW, November 30, 2010
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ATLANTA and SAN FRANCISCO, Nov. 19, 2010 – UPS (NYSE:UPS) today announced an agreement to sell its UPS Logistics Technologies unit to Thoma Bravo, LLC, a leading private equity investment firm.
Financial details were not disclosed.
UPS Logistics Technologies, headquartered in Baltimore, employs about 145 people to create high-tech transportation routing and fleet management systems. More than 200,000 vehicles are managed through 3,300 installations worldwide representing a variety of industries. Specific transportation management applications provide street-level route plans, real-time wireless dispatch and GPS and strategic territory planning. Customers use the technology and tools for effective fuel management and driver productivity.
Len Kennedy, vice president and COO of the unit, will become the chief executive officer after the acquisition, which is expected to close by Dec. 31. When the acquisition is complete, UPS Logistics Technologies will transition its name to Roadnet Technologies, Inc. The Roadnet brand, which already identifies the company’s main products, is familiar to customers, value-added resellers and vendors.