Yesterday Big Dog Motorcycles contacted me to share their intention to look for additional capital to face the current financial realities. To avoid any misinterpretation of President Sheldon Coleman’s intentions, I agreed not to release the information until an official press release would be issued. You can now read it first in my Blog.
Big Dog Motorcycles Announces Engagement Of William Blair & Company To Evaluate Merger, Sale Of, Or Additional Equity Investment In The Company.
Big Dog Motorcycles® announced today that its principal owner had hired the investment banking firm of William Blair & Company to assist in evaluating a possible merger, strategic partnership or sale of Big Dog or its assets. Big Dog and its shareholders will also consider selling additional equity to add capital, other financing options or a recapitalization of the company.
Sheldon Coleman, the founder and principal shareholder of Big Dog Motorcycles explained that “Big Dog has been a consuming passion of mine for over fifteen years. With over 25,000 bikes on the road, the company and its employees, dealers and suppliers have succeeded in building a business that started in my garage into the dominant motorcycle manufacturer in the premium, high performance sector of the motorcycle market.”
The challenging market conditions have demanded an ever-increasingly larger commitment from Mr Coleman whose passion for the company, exacting standards of quality and commitment to customer service have earned Big Dog consistent rankings as the premiere motorcycle in its class.
Coleman said, “During this process, Big Dog will continue to sell and develop our cutting edge motorcycles, as well as service our dealers and consumers needs for warranty, additional parts, accessories and apparel. Given the unprecedented, difficult market conditions, I strongly believe that Big Dog needs to add other equity partners or transition to new ownership to continue to develop and build Big Dog’s innovative products and capitalize on the rebounding economy. I am excited to continue leading Big Dog during this transition and, hopefully, will be part of the team taking Big Dog to the next phase of its growth.”
Coleman continued, “We continue to invest in dynamic long-term strategies, such as international distribution, as well as new models designed to excite and expand our marketplace. Our dominant market share in our niche will propel the company’s success as the economy recovers, and I am looking forward to finding a capital source that will share Big Dog Motorcycle’s vision of a vibrant future.”
Recently, the company has expanded distribution into Canada, as well as introduced several compelling new models. At the top end of its range, the Wolf has received accolades from both consumers and the trade as the most innovative premium cruiser motorcycle in its class. In addition, the all new Bulldog has taken touring motorcycling to a new level of style and performance. For the more price conscious custom motorcycle rider, the redesigned Coyote blends cutting-edge styling with an approachable design.
Coleman closed commenting, “At Big Dog Motorcycles, we have the finest suppliers, the most committed dealers and the most ardent consumers in our niche. As we seek new capital, we believe that Big Dog Motorcycles has yet to reach its full potential.”
Please direct investment inquiries via email to email@example.com or via phone at 800.539.5729. William Blair and Company will respond to investment inquiries.