WaterMark Paddlesports, Inc.
Easely, South Carolina
May 2005

Bengur Bryan & Co., Inc. advised WaterMark Paddlesports, Inc. in the sale of its watersports division to Confluence Watersports Company. WaterMark is a portfolio company of Arcapita, a $4 billion Atlanta-based private equity firm. Bengur Bryan advised WaterMark on its financial and strategic alternatives relating to its watersports division and subsequently initiated and negotiated the transaction.

WaterMark is the second largest manufacturer and marketer of kayaks and paddlesports equipment in the world. WaterMark’s watersports division includes Dagger touring and whitewater kayaks, Perception touring and whitewater kayaks, Mainstream recreational kayaks, Islander sit-on-tops, Harmony paddlesports accessories, and AT Paddles.

Confluence Watersports Company, located in Trinity, North Carolina, is the third largest manufacturer and marketer of kayaks and paddlesports equipment in the world. Confluence is the parent company for Wilderness Systems touring kayaks, Wave Sport whitewater kayaks, Mad River Canoe, Velocity paddles, and Voyageur water sports accessories.

Confluence is a portfolio company of American Capital Strategies, Inc. (NASDAQ: ACAS), a publicly traded buyout and mezzanine fund, with capital resources of approximately $5 billion.

Read the story in Canoe & Kayak Magazine.

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