The Myers Family Office acquired Red Paddle Co. for 20 million pounds. The transaction was supported by five professional service companies.

Red Paddle Co. has been producing inflatable paddle boards since 2008. Driven by the world-renowned Red Paddle Co brand, the business has achieved strong growth. Since its initial investment, its revenue has almost doubled and EBITDA has almost tripled.

Its premium products are now sold in more than 60 countries through its website, retailers and distributors. In recent years, with the rise of the stand-up paddle board market, Paddle Co equipment is now sold by many mainstream retailers including John Lewis & Partners.

Red Paddle Co. has grown into a company with annual sales of 20 million pounds and has become an increasingly attractive asset for investors. Gresham House Ventures invested 4 million pounds in 2015 to fund the founder’s equity offering, and later supported the current CEO and Red Paddle Co. brand founder John Hibbard and the financial director of the management buyout business Helen Hills .

Now, the company's holding company, Vian Marketing, has been acquired by the Myers family office, injecting more capital into the company to promote its expansion. The entrepreneurial management team of Red Paddle Co. will continue to lead the post-transaction business.

The corporate finance team of professional services company Browne Jacobson advised Myers Family Office on its acquisition of Vian Marketing. The Browne Jacobson corporate consulting team consists of corporate partner Richard Cox, senior assistant Sam Sharp and assistant Sian Harrison. Partner Andrew Noble advises on the taxation of the company being traded.

Sam Sharp commented: "We are very pleased to support our client Myers Family Office in this strategic investment, which will enable Red Paddle Co to further expand its global visibility."

At the same time, the Southwest-based Grant Thornton team advised Red Paddle Co. shareholders on this move. The team includes Nick Jones, Anna Davis and Nicola Sartori, the company's consumer brand mergers and acquisitions leader. Vian's marketing team was also able to leverage the technical expertise of the Grant Thornton SPA consulting team led by Patrick O'Brien.

Nick Jones said: "Red Paddle Co is recognized as a leading premium paddle board brand. It is impressive to see its continued international expansion and the successful development of outdoor apparel and accessories products. Therefore, it is great to complete this transaction. , John, Helen and other members of the team will continue to participate fully in the future, and we are really happy to see them continue to develop this market-leading business."

Other companies advising shareholders of Red Paddle Co. include Henry Taylor and Francesca Hubbard of law firm Michelmores, as well as Clarke Willmott and accountant Bishop Fleming.