Deal Summary

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.

About BellMark Partners, LLC

BellMark Partners, LLC is an independent investment bank that provides M&A advisory and investment banking services to middle market companies in the business & technology services, consumer, industrials and healthcare industries. We advise family, entrepreneur, and other privately-owned companies; private equity and family office-owned companies; and small to mid-cap public companies. Our services include mergers and acquisitions, capital raising and strategic advisory services. Our Managing Directors have collectively executed and closed more than 400 transactions during their professional careers, and previously worked as senior bankers for firms such KeyBanc Capital Markets, Inc., BankBoston Robertson Stephens, Fleet Securities, Inc. and Covington Associates LLC.