Innovative golf bags form the core of success at Sun Mountain, and an ownership change won't change that.
After operating independently for 41 years with only one shareholder (founder Rick Reimers) and one CEO (Reimers, again), Sun Mountain Sports underwent a change of ownership in early March 2022. That is when Reimers completed the sale of the Missoula, Montana, concern best known for its innovative golf bags, carts and outerwear for an undisclosed but surely substantial amount. The buyer: Solace Capital Partners, a Los Angeles private-equity investment firm that looks for opportunities with established lower middle-market businesses in the United States and Canada.
Reimers was reluctant to part with the company he had built from scratch into a business producing annual revenues of more than $50 million. A native of South Dakota and a one-time golf professional who had toiled at municipal courses and driving ranges in California, he had long demonstrated both a knack and a passion for developing new and very marketable products. But...