Spyder Active Sports reportedly for sale
Last Updated: 14:57 August 13, 2012
BOULDER - Ski-clothing manufacturer Spyder Active Sports Inc. reportedly is being put up for sale for as much as $150 million, according to the New York Post.
Owner Apax Partners, a New York-based private-equity firm, has retained Blackstone Group to look for a potential buyer, according to the newspaper. Apax spokeswoman Georgiana Brunner said Monday that her firm "can't comment on market speculation about our partners."
Officials at Boulder-based Spyder and the Blackstone Group did not return calls Monday morning requesting comments.
Apax acquired a controlling interest in Spyder in 2004 for about $100 million.
Founder David Jacobs started the company in 1978 with one ski sweater product. The company rapidly expanded into pants, coats and race wear.
Jacobs was inducted in into The Boulder County Business Hall of Fame in 2004 that year. At the award ceremony, Jacobs told the audience that he felt like he was sitting on a rocket and trying to hold on.
More breaking news...
Dot Hill Systems to discuss 2Q earnings Aug. 7
Sam's Club paid $3.9 million for mall land
A conference call is
CSU professor to work on crop for biofuels
Sam's Club plans to build a 136,000-
A team led by McKay - an associate professor of