Market Overview

D.A. Davidson & Co. Serves as Financial Advisor to Urban Armor Gear, LLC in Sale to Hammond, Kennedy, Whitney & Company, Inc.


Davidson & Co.
announced that it served as financial advisor to
Urban Armor Gear, LLC ("UAG"), a brand leader in rugged protective cases
for mobile devices, in its sale to Hammond, Kennedy, Whitney & Company,
Inc. ("HKW"). HKW, a private equity firm founded in 1903, is focused on
making investments alongside management in small to mid-sized
growth-oriented companies.

Founded in 2011 with headquarters in Orange County, CA, UAG's brand and
products are inspired by a sense of adventure and the great outdoors.
The company's protective cases are engineered to protect a broad
spectrum of products such as smart phones, tablets and laptops from the
hard knocks of a mobile lifestyle.

"We are grateful to have worked with the creative and disciplined
management team at UAG on this exciting transaction," said Joe
Schimmelpfennig, Managing Director at D.A. Davidson. "UAG has positioned
itself as a leader in the protective case category with its innovative
and durable designs as evidenced by their category-leading growth and
margins. We were always committed to finding the right partner for UAG,
and it became clear early on that HKW could provide the vision and
resources to enable the UAG management team to continue its pace of
impressive growth."

Management owners of UAG will also retain significant equity ownership
in the company going forward.

D.A. Davidson & Co.'s investment banking division is a leading
full-service investment bank that offers comprehensive financial
advisory and capital markets expertise. The group has extensive
transaction experience serving middle market clients worldwide across
five industry verticals: consumer, diversified industrials, financial
institutions, real estate and technology.

Together with its European strategic partner, MCF Corporate Finance,
D.A. Davidson originates and executes transatlantic M&A transactions
under the common 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 and headquartered in Montana, with corporate offices in Denver, Los
Angeles, Portland and Seattle, the company has more than 1,350 employees
and offices in 25 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service
investment firm headquartered in the Northwest, providing wealth
management, investment banking, equity and fixed income capital markets
services and advice; Davidson Investment Advisors, a professional asset
management firm; D.A. Davidson Trust Company, a trust and wealth
management company; and Davidson Fixed Income Management, a registered
investment adviser providing fixed income portfolio and advisory

For more information, visit,
Twitter: @DADavidsonCo,
or LinkedIn: D.A.
Davidson Companies

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