M Mountain Capital Invests in On Deck Sports (Promounds, Inc.)
January 12, 2023
M Mountain Capital LLC, with a significant equity co-investment and debt from Siguler Guff & Company, completed an investment in Promounds, Inc. d/b/a On Deck Sports, closing on December 30, 2022. On Deck Sports, a Randolph, Massachusetts–based manufacturer and distributor of baseball and softball equipment and designer/installer of indoor training facilities, will remain led by CEO Tim Allen while founder Joe Murphy retains a meaningful equity stake.
- Buyers
- M Mountain Capital LLC, Siguler Guff & Company, LP
- Targets
- Promounds, Inc. d/b/a On Deck Sports
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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