Rotunda Capital Takes Majority Stake in Discount Ramps
Rotunda Capital Partners, a lower middle market private equity investment firm, has acquired a majority stake in Discount Ramps, LLC, in partnership with Rotunda’s operating executive, Larry Marmon, and Discount Ramps’ founder. The financial terms of the investment were not disclosed.
Discount Ramps has established itself as a premier online retailer of loading, hauling and transportation products.
Offering more than 11,000 products, the company primarily services the powersport, medical, recreational, commercial, transportation, military and industrial markets.
Rotunda’s operating executive Larry Marmon will become the CEO of Discount Ramps and will work with Bob Krolski, who will stay on as chief operating officer. Joel Lederhause, the company’s founder, will serve on the board of directors and will remain as a strategic consultant to the company and retain a significant ownership stake.
Discount Ramps offers many well-known brands, including Rage Powersports, Black Widow, Big Boy, Kill Shot and Summit. Discount Ramps has been recognized by Internet Retailer as one of the top 500 revenue grossing sites in the U.S. for the last five years and has also been recognized as one of Milwaukee’s fastest-growing firms by the Milwaukee Business Journal.
About Discount Ramps
Discount Ramps is an online retailer of loading, hauling and transportation products. Offering more than 11,000 products, the company primarily services the powersport, medical, recreational, commercial, transportation, military and industrial markets. Discount Ramps offers many well-known brands, including Rage Powersports, Black Widow, Big Boy, Kill Shot and Summit. Discount Ramps has been recognized by Internet Retailer as one of the top 500 revenue grossing sites in the U.S. for the last five years. More information at: www.discountramps.com.
Category: Equipment, General Update
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