The Billabong Group Sells Sector 9 Skateboards

Nearly eight years after it acquired the longboard brand Sector 9, Billabong has sold the Business to Bravo Sports a portfolio company of Transom Capital Group which also owns Pro Tec and Kryptonics among other brands. The sale price was listed at $12 Million and the decision was in line with the Billabong Companies strategy to continue growing three larger brands under it’s umbrella. The priority as a company has been lifting the performance of our three biggest global brands in Billabong, RVCA and Element, while simplifying the business wherever possible. The Billabong financial advisor in the transaction was Threadstone Advisors and it’s external legal advisor was Latham and Watkins.

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