Sometimes we forget that Hayes Brothers Snowboards is wholly owned by a private equity firm. Now, we won’t have to remember that any more because their parent company Ault Glazer & Co., Inc. has announced that it will no longer be a PE firm and that the business that’s left over will now be called Global Sports and Entertainment, Inc. This firm will be run by Bill Dully.
The new holding company will have minority ownership in Freedom Grill and Boom Entertainment, and will wholly own The Collectors X, Hayes Brothers Snowboard, as well as Global Authentication, Inc. as its flagship operation.
How’s that for a portfolio of companies: grills that attach to your trailer hitch, sports memorabilia athentication, oh, and snowboarding. Talk about synergy.
[Link: MarketWatch]
