The Business Sale
DENVER – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of Renner Sports Surfaces (“Renner”) by Beynon Sports Surfaces, Inc., a subsidiary of Tarkett SA (TKTT:EN Paris). Class VI Partners served as the exclusive financial advisor to Renner.
With a rich legacy of serving the intermountain west sports surfacing market for over 30 years, Renner is a market leader in tennis court, running track and sport court construction and surfacing in the United States.
“Tarkett will be a great home for the business and we are very excited for this next phase of growth” said David Tolson, Class VI Partners Managing Director. “We were thrilled to be a part of this transaction and feel privileged to have had the opportunity to work with Lee Renner, Greg McKenna and the entire team.”
“Renner is proud to join Tarkett and excited to combine our mutual expertise to deliver high-quality sports surfaces for our customers and athletes,” commented Greg McKenna, President of Renner. Mr. McKenna will remain in his role with the business and continue operational leadership.
“The team at Class VI did an amazing job representing the business and our interests. They worked tirelessly supporting the due diligence process, which allowed us to focus on managing the business through a very busy time of the year. They also took time to understand our business, people and transaction objectives, which enabled a professional negotiation and gave us confidence that they always had our best interests in mind.”
With headquarters in Paris, France, Tarkett is a global leader in innovative and sustainable solutions for flooring and sports surfaces. Offering a wide range of products including vinyl, linoleum, carpet, rubber, wood & laminate, synthetic turf and athletic tracks, the Company serves customers in more than 100 countries worldwide. With 11,000 employees and 32 production sites, Tarkett’s revenues exceeded 2.5 billion euros in 2013 and are balanced between Europe, North America and new economies. Tarkett is listed on Euronext Paris.
The testimonials contained in this press release may not be representative of the experience of other clients and are no guarantee of future performance or success.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Greg McKenna, President of Renner Sports Surfaces, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Greg McKenna may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.