Tactics

CG Petsky Prunier Advises Tactics on the Sale of a Majority Stake to TSI Holdings

CG Petsky Prunier is pleased to announce that it has advised Tactics, a leading source for the latest skate and snowboarding goods, on the sale of 88 percent of its stock to TSI US Holdings Co., Ltd., the U.S. subsidiary of TSI Holdings Co., Ltd. (TYO: 3608), a Japan-based public company engaged in the apparel and hospitality industries.

Founded in the Pacific Northwest in 1999, Tactics operates a robust online business at https://www.tactics.com and retail stores in Portland, Eugene, and Bend, Oregon. Driven by a dedicated team of riders, Tactics has served more than two million customers worldwide. Co-founders Bob Chandler, Matt Patton, and Shawn Gilliam will retain ownership interests in the company and continue to serve as senior executives, with Chandler having been appointed chief executive officer.

The acquisition of Tactics allows TSI Holdings to further penetrate the action sports/streetwear space and leverage its brand portfolio through e-commerce. Formed in 2011 through the merger of Sanei International and Tokyo Style, TSI owns or licenses more than 40 brands, including HUF Worldwide, Undefeated, Bait, Union, Herschel Supply, Stussy, Avirex, and Urth Caffé, among others. The company has more than 20 subsidiaries and operates more than 1,000 storefronts in Japan and internationally.

CG Petsky Prunier served as the exclusive financial advisor to Tactics.