Evolv Sports & Designs has received an investment from Bruckmann, Rosser, Sherrill & Co., a private equity firm that also owns travel and outdoor apparel brand Royal Robbins. Moss Adams Capital acted as exclusive financial advisor to Evolv.
Founded in 2003 and based in Buena Park, California, Evolv has rapidly grown into one of the leading brands in the climbing-shoe market. The company, which has enjoyed a successful long-term partnership with legendary climber Chris Sharma, produces the number one–selling model in the United States.
Cofounder Brian Chung will continue as president and retain a significant equity stake in the business. “Moss Adams Capital did a great job helping us find the right partner for our brand,” Chung said. “I really appreciate how they went the extra mile for us throughout the process.”
Geoff Haydon of Moss Adams Capital added, “We’ve been very impressed with the company Brian and his partner Kim have built over the past 10 years. We’re excited to see what the future holds for Evolv as it develops into a truly global climbing and outdoor brand.”
Moss Adams Capital is an investment banking firm that provides strategic and transaction advice to private companies. A FINRA-registered broker-dealer with offices in Seattle; Irvine, California; and Los Angeles, Moss Adams Capital is affiliated with Moss Adams LLP, a national accounting and consulting firm with 22 offices in the United States.
