Spyder Active sold to Authentic Brands Group
Authentic Brands Group headed by Jamie Salter has purchased ski brand Spyder Active Sports from a private equity firm for an undisclosed sum, according to a WWD story this morning.
Spyder’s CEO Tom McGann is a former president of Burton.
Authentic Brands Group then sold the operating component of Spyder to Li & Fung’s U.S. division. Authentic Brands keeps the intellectual property, according to WWD.
Authentic Brands Group, a licensing company that is connected to private equity firm Leonard Green & Partners, also owns the Tapout and Marilyn Monroe brands, according to ABG’s website.
In the action sports world, Salter has been involved in the past with Vision Streetwear, Sims, Ride Snowboards and Airwalk.