BellMark Partners, LLC advised Aeromind LLC d/b/a SILCA (“the Company”) in its recapitalization with Provariant Equity Partners (“Provariant”). Based in Chagrin Falls, Ohio, Provariant is a private equity firm focused on partnering with founder and entrepreneur-owned companies in the lower middle market. The firm targets investments in value-add distribution, niche manufacturing, and business services.
Business Description
Headquartered in Indianapolis, Indiana, SILCA is a global designer and manufacturer of the highest-quality bike accessories and components, serving the needs of avid cyclists and professional teams. The Company integrates top technologies and materials from aerospace, auto racing, and precision manufacturing to the cycling industry. Its product portfolio includes lubricants & bike care, pumps, bags & packs, 3D-printed products, accessories, tools, and apparel. SILCA is a leading brand name among cycling enthusiasts, serving over 30,000 unique DTC consumers plus over 700 retailers, distributors, and OEMs.
Transaction Description
BellMark Partners, LLC acted as the Company’s exclusive financial advisor in connection with this transaction. BellMark Partners, LLC was selected by the Company due to its bike industry and direct-to-consumer expertise, as well as its senior-level attention to transaction execution.