Houlihan Lokey Advises GSC Technologies

Houlihan Lokey is pleased to announce that GSC Technologies Corp. (GSC) has been recapitalized by an affiliate of New Water Capital Partners, L.P. (New Water). The transaction closed on April 7, 2017.

GSC, founded in 1982 and based in Montreal, Canada, is a leading family-owned-and-operated designer, manufacturer, and marketer of branded outdoor recreational products, including kayaks and watersports equipment, as well as storage and outdoor furniture products. GSC features paddle sports brands, such as Future Beach, Equinox, Patriot, Heritage, and Viper, that are carried by several leading, blue-chip mass and specialty sporting goods retailers across North America.

New Water is a private equity firm focused on North American lower-middle-market companies with revenues of approximately $30 million to $300 million primarily in the consumer products, retail, and industrial manufacturing and services sectors. New Water’s portfolio companies leverage its deep acquisition, financing, and operating expertise in order to achieve their strategic objectives.

Houlihan Lokey served as the exclusive financial advisor to GSC and assisted in initiating, structuring, and negotiating the transaction.