Weaver Leather Acquires Troxel Cycling & Fitness
Chattanooga, TN, September 5, 2017
River Associates Investments (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, announced the acquisition of Troxel Cycling & Fitness, LLC (“Troxel”) by its Mt. Hope, Ohio-based portfolio company Weaver Leather, LLC. The acquisition closed September 5, 2017. Financial terms of the deal were not disclosed.
Troxel is the world’s leading provider of ASTM/SEI certified equestrian helmets, having provided over three million helmets to the equestrian market. Established in 1898, Troxel is recognized for its innovative design and physician-developed helmet research leadership. With a history of creating performance headgear to meet the demands of equine athletes, Troxel offers a wide range of helmets for schooling, show, trail and western riders. Weaver Leather serves U.S. and international customers in equine, livestock, pet, leather supply, arborist, and custom manufacturing markets. This partnership supports Weaver Leather’s growth in the equestrian arena.
“Troxel leads the industry in providing the finest equestrian helmets, and their reputation for quality, innovation, and dependability makes them the perfect fit with the Weaver Leather brand,” Chris Weaver, Weaver Leather’s executive vice president, said.
Shay Timms, Troxel’s CEO, said, “Weaver Leather is the perfect partner to continue and expand upon our commitment to quality and innovation in head protection.”