Mervin Manufacturing Acquired by Spring Capital Group: A New Chapter for U.S. Board Building

Mervin Manufacturing, the powerhouse behind some of the most iconic names in action sports, has officially been acquired by Spring Capital Group, a private investment firm based in Eugene, Oregon. Announced on April 10, 2026, the deal secures the future of the brands Lib Tech, Gnu, and Bent Metal, while doubling down on the company’s storied commitment to American craftsmanship.

The acquisition marks a major milestone for Mervin, which operates the longest-running snowboard factory in the United States. By moving under the umbrella of Spring Capital, the manufacturer aims to transition into a new era of "patient growth" and sustainable innovation.

Founded in 1977, Mervin has long been a rebel in an industry that saw most production move offshore. While competitors shifted manufacturing to Asia, Mervin remained rooted in Sequim, Washington, tucked between the Olympic and Cascade Mountains.

The new owners have pledged to keep this legacy intact:

• USA Manufacturing: Spring Capital Group committed to maintaining and strengthening the Sequim facility, ensuring products continue to be designed and built locally.

• Leadership Continuity: Mervin’s current leadership team, including CEO Anthony DeRocco, will remain at the helm to ensure brand consistency and operational excellence.

• Sustainability: The partnership will continue to prioritize Mervin's "environMENTAL" manufacturing processes, which utilize eco-friendly materials and zero hazardous waste.

Spring Capital Group is known for its long-term investment philosophy, a stark contrast to the quick-turnaround strategies often seen in private equity. Their portfolio includes other Northwest staples such as New Seasons Market and BlackStrap, suggesting a deep appreciation for regional business culture.

"Mervin is a rare American success story—an innovative, environmentally conscious manufacturer with deep roots in the Pacific Northwest," said Tom Connor Jr., Partner at Spring Capital Group. "Our goal is simple: support the team, invest in the factory, and help the company continue doing what it does well."

Anthony DeRocco, Mervin’s CEO, echoed this sentiment: "Spring Capital Group understands who we are and why our U.S. factory matters. Their support allows us to keep innovating, keep building locally, and keep pushing the boundaries of what is possible in snow and surf."

For fans of Lib Tech’s Magne-Traction technology or Gnu’s quirky aesthetics, the message is one of stability. The acquisition provides the financial runway for Mervin to expand its product lines—which already include skis, surfboards, and skateboards—without sacrificing the "built by riders for riders" ethos that has defined the company for nearly 50 years.

With a bolstered investment in its Washington factory and a leadership team that boasts decades of experience, Mervin Manufacturing is poised to remain a dominant force on the mountain and in the water for generations to come.