Trailer Maker SylvanSport Seeks Strategic Options
SylvanSport, the North Carolina-based maker of mobile adventure gear, recently engaged Silver Steep Partners to serve as its exclusive financial adviser and to review the company’s strategic options, according to a news release.
The company designs and manufactures a line of outdoor adventure/utility trailers. The company’s flagship model, the SylvanSport GO, is a mobile camping trailer and gear hauler for outdoor enthusiasts. The award-winning GO can also be customized for military and law enforcementand non-governmental agency work such as forward operating posts, crime scene command posts, medical stations and disaster team recovery sites.
Tom Dempsey, founder of SylvanSport said, “We have had significant growth, even through the recession, but continue to be limited in our ability to execute those growth plans to the fullest based on the current, post-financial crisis lending market. We’ve asked Silver Steep to help us better understand our options and to help in either finding growth capital or a partner that can provide such growth capital.”
Nathan Pund, president of Silver Steep Partners, said, “SylvanSport is a wonderful company with a capable team. It has developed unique products that tap into durable market shifts. This has positioned the company well for future growth through a growing worldwide customer base. And it doesn’t hurt that their products are a lot of fun.”