Dover Saddlery

Dover Saddlery is a retailer specializing in equestrian gear and apparel, providing a wide range of products for horse enthusiasts and riders, ensuring quality and functionality in their offerings. Founded in 1975 in Littleton, US, Dover Saddlery is dedicated to serving the equestrian community. The company has successfully transitioned from a retail operation into a significant player in the equestrian market. Under the leadership of CEO Brad Wolansky, the company recently secured funding through a Public to Private round amounting to USD 45.

00 mn, which was fully raised and led by QIC and Webster Equity Partners. Dover Saddlery has completed two transactions, with the latest deal occurring on August 6, 2024. Dover Saddlery offers a comprehensive selection of equestrian products, including saddles, riding apparel, and horse care items. The company focuses on high-quality merchandise tailored for riders of all levels, ensuring a robust assortment that supports both novice and seasoned equestrians.

Their products are designed to enhance the riding experience and meet the specific needs of horse owners and riders. In the most recent year, Dover Saddlery reported revenue of USD 101,823,011, with an EBITDA of USD 4,450,529. Their revenue model is supported by a blend of product sales that cater to a diverse customer base within the equestrian sector. Dover Saddlery plans to utilize the recent funding from August 2024, where they secured a USD 15 million senior secured revolving credit facility, to optimize inventory management and enhance operational efficiencies.

The company is also exploring the development of new product lines tailored to market demands, with a focus on expanding its presence in both existing and new geographic regions. These initiatives are expected to be rolled out over the next few years, aligning with their strategic growth objectives.