Praesidian Capital Portfolio Company Announces Acquisition
OKLAHOMA CITY, OK – Jan. 10, 2023 – Powder Valley, a leading supplier of reloading components, ammunition, and accessories and portfolio company of Praesidian Capital, today announced the acquisition of Las Vegas, Nevada based Pro-Motion Distributing, a tech-enabled multi-category distributor of consumer and commercial products serving the e-commerce market.
Jason Drattell, Praesidian Capital founding partner said: “The combination of Powder Valley’s expertise in online sales and distribution of powder and reloading related products with Pro-Motion’s innovative technology solutions creates instant synergy between the two companies and establishes a solid foundation to support major expansion in the outdoor sector.”
“We are thrilled to join forces with Pro-Motion,” said Bill Clinton, CEO of Powder Valley. “We are passionate about shooting, hunting, and the outdoors and see tremendous growth opportunity in this market over the next few years. The technology platforms offered by the Pro-Motion team brings world-class solutions which will greatly enhance our ability to rapidly expand our product offering and improve our ability to serve customers.”
Pro-Motion co-founder Brian Malewicz added, “We are excited to bring our technology capabilities and extensive product mix to the table and work with the talented team at Powder Valley to revolutionize the way sports and outdoor products are sold and distributed. This combination is a win for both companies and our customers.”
About Powder Valley
Established in 1984, Powder Valley is a leading supplier of reloading components, ammunition, and accessories to retail and wholesale customers across all 50 states. Originally focused sales and distribution of reloading powder and components, Powder Valley offers every brand of powder and primer available in the United States along with an ever-expanding selection of reloading components, reloading tools and equipment, gun care items, and ammunition.
For more information, please contact:
Bill Clinton, Chief Executive Officer – billc@powdevalleyinc.com (620) 229-8685
Bryan Richardson, President – bryanr@powdervalleyinc.com (620) 229-8685
About Pro-Motion Distribution
Established in 1989, Pro-Motion Distributing is a multi-category e-commerce distributor of consumer and commercial products. Originally founded as a distributor of automotive performance parts and accessories, Pro-Motion has developed a significant presence in the outdoor industry in recent years providing its customers access to over 500 sports and outdoor brands. Pro-Motion is based in Las Vegas, Nevada and has warehouses in Las Vegas, Nevada and Memphis, Tennessee.
For more information, please contact:
Brian Malewicz – bmalewicz@pmdistributing.com
About Praesidian Capital
Praesidian Capital is an innovative private equity firm with offices in Oklahoma City, New York and London, focused on control investments in private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. For more information, visit www.praesidian.com.
To discuss prospective investment opportunities please contact:
Jason Drattell, Founder – jdrattell@praesidian.com (212) 520-2620
Tom Duffy, Partner – tduffy@praesidian.com (212) 520-2617