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Jun 16, 2023 · After running Sun Mountain for 41 years, Reimers sold the company in the spring of 2022 to Solace Capital Partners for an undisclosed but surely substantial sum of money.
Mar 7, 2022 · Company founder Rick Reimers will retain ownership of Sun Mountain Motor Sports, which produces electric golf carts under the Finn Scooters brand. Terms of the transaction were not...
- E. Michael Johnson
Mar 7, 2022 · LOS ANGELES, March 7, 2022 – Solace Capital Partners (“Solace”) today announced that it has acquired Sun Mountain Sports, Inc. (“Sun Mountain” or the “Company”), a leading producer of golf equipment and apparel, from founder and golf industry innovator Rick Reimers.
- Sun Mountain Sports: Sold! – Key Takeaways
- Sun Mountain Sports: History
- Who Is Solace?
Sun Mountain Sports sold to Solace Capital PartnersTerms undisclosedSun Mountain management team to stay in placeReimers, a former golf pro from California, has a long history as an innovator. He first dabbled in lightweight nylon golf bags in the late 1970s and established Sun Mountain in 1981 in San Jose, Calif. Three years later, he moved operations to Missoula and introduced unique lightweight golf bags such as the Front 9, his first big seller. In 1986, ...
We did find this oddly specific nugget in this morning’s press release announcing the sale: “Solace Capital Partners is a Los Angeles-based private investment firm that provides flexible debt and equity solutions for established lower middle-market businesses. Solace seeks to leverage its extensive expertise to provide financial stability, lead ope...
Mar 7, 2022 · Reimers will retain ownership of Sun Mountain Motor Sports, which produces electric golf carts under the Finn Scooters brand. Terms of the transaction were not disclosed.
Mar 27, 2013 · The March 15 issue of Golfweek Magazine includes an equipment focus on golf stand bags (Bags under 4 pounds: Light and functional) with an “Ask the Expert” interview with Sun Mountain Founder and Owner, Rick Reimers. Q&A includes: What should golfers know about stand-bag construction? The best material is some sort
Jul 28, 2023 · After operating independently for 41 years with founder Rick Reimers as its lone shareholder and CEO, Sun Mountain Sports was acquired by Solace Capital Partners in early March 2022.
