Denver, CO (November 16, 2015) - Headwaters MB advised Belson Outdoors (“Belson” or the “Company”), a leading manufacturer and distributor of commercial outdoor furniture and other site amenities, on its sale to PlayCore a portfolio company of Sentinel Capital Partners.

Since 1948 Belson has been providing commercial outdoor furniture and other site amenities to its customers. Belson’s founder, Frank Beller, created and patented the design for the original black camp stove seen in parks across the U.S. today. Frank also designed a variety of other products including a standard picnic table for National Parks and a commercial barbecue grill for caterers.

Laura Beller, President of Belson Outdoors said, “It’s hard to imagine success without Headwaters as the result was much better and far less painful with Headwaters leading the way.” Laura continued, “We feel very fortunate to have an outcome that is beneficial for both the buyer and seller.”

Darin Good, Managing Director at Headwaters MB, commented, “It was a privilege to represent and guide the Beller family in the evaluation of multiple offers from a broad range of candidates and determine the optimal party to perpetuate their family legacy.”

Terms of the transaction were not disclosed. 


About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit


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