econvy acquires SolRide Inc. and expands its brand portfolio in the US market

The Target

SolRide is a surf skateboard manufacturer based in Santa Barbara, California, founded in 2020. SolRide’s patented surf skate truck technology allows for higher performance, lighter and lower profile surf skates. The innovative front truck design allows riders to perform turns and carves that would be impossible with a standard truck. This allows riders to find new lines in the park or on the street.

The Transaction

FOSTEC & Company, together with Managing Partner Markus Fost and his team, advised and supported econvy Holding GmbH in the acquisition of SolRide. The aim of econvy is to buy, aggregate and further develop direct-to-consumer (D2C) brands that stand out due to high product quality and strong customer ratings. The commercial due diligence therefore focused on the product portfolio and the value chain in the US market and which added values arise for other brands from the econvy portfolio.

Visit Website