D.A. Davidson Acts as Sell-Side Advisor to Nielsen-Kellerman on Its Sale to Gladstone Investment Corporation

SALT LAKE CITY--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as the exclusive sell-side financial advisor to Nielsen-Kellerman Acquisition Corp. (“Nielsen-Kellerman” or the “Company”) and its Private Equity Sponsor, Clearview Capital, in the sale of Nielsen-Kellerman to Gladstone Investment Corporation.

Founded in 1978 and headquartered in Boothwyn, PA, Nielsen-Kellerman designs, manufactures, and distributes a wide range of rugged, waterproof environmental measurement and sports performance instruments. The Company's product line serves a broad spectrum of users, from outdoor enthusiasts and competitive athletes to professionals in specialized technical fields, all of whom rely on the Company's precision instruments in challenging environments.

The Kestrel Instruments lineup features dozens of models that are precisely designed to meet the environmental measurement needs across a multitude of applications. The rugged durability and accurate measurements of Kestrel products are counted on to perform under the most extreme conditions.

Ambient Weather has been a market leader in weather stations, environmental monitoring instruments, and intuitive web-based dashboards for over two decades. Ambient Weather offers the most connected weather experience, allowing users to connect with other nearby stations or track weather in distant locations.

“D.A. Davidson played a crucial role in helping Nielsen-Kellerman find the perfect partner to support our future growth,” said Chuck Arkell, Nielsen-Kellerman’s CEO. “Their expertise, industry knowledge, and commitment to understanding our Company’s unique strengths and values were instrumental throughout the process. By identifying a partner who shares our vision and appreciates the legacy we’ve built over 45 years, D.A. Davidson ensured a partnership that positions Nielsen-Kellerman for continued innovation and success.”

“The D.A. Davidson team proved itself essential in helping us find the right partner for Nielsen-Kellerman. Their deep relationships and industry expertise helped ensure a successful outcome despite challenging market conditions,” said Matt Blevins, Managing Partner at Clearview Capital.

Mike Smith, Managing Director at D.A. Davidson, said, “We are thrilled to have advised Clearview Capital on the sale of Nielsen-Kellerman and are excited for the next chapter in the Company’s iconic history.”

D.A. Davidson’s Consumer Group has a reputation for its depth of industry knowledge, breadth of capabilities, and tenacity of its senior professionals. Offering sector-specific expertise through a full-service platform, the team provides M&A, strategic advisory, and equity capital markets capabilities across several subsectors, including active & outdoor; infant & juvenile; consumer products & services; ecommerce & marketplaces; and food & beverage. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.

For more information, visit dadavidson.com.