Spanos Barber Recaps Under Canvas

11/30/17

Spanos Barber Jesse & Co., a private investment firm with offices in the San Francisco Bay Area and Dallas, is pleased to announce that it has completed a recapitalization of Under Canvas Inc., one of the fastest growing adventure-hospitality brands in America that provides travelers with luxury canvas tent accommodations and an authentic outdoor experience. Terms of the transaction were not disclosed.

Under Canvas currently operates four specialized campsites near national parks in Zion, Moab, Yellowstone and Glacier. Guest accommodations include safari-inspired private canvas tents, luxury beds and linens, the option for ensuite bathrooms and showers, and guest services including curated adventures, outdoor dining options, daily housekeeping, and communal events.

“We are excited to be investing with Co-founders Sarah and Jacob Dusek, so they can deliver amazing outdoor experiences to even more guests at new camps across the U.S.,” said Tom Barber, Managing Director at SBJ. “Today’s consumers crave memorable experiences and staying with Under Canvas combines pristine landscapes, innovative tent design and hotel-like guest service to create a truly unique and unforgettable family vacation,” added Ben Landis, Principal at SBJ.

Co-founder and CEO Sarah Dusek added, “We are excited to partner with SBJ as we build and expand the Under Canvas brand. Our team looks forward to continued growth with new camps near Great Smoky Mountains, Grand Canyon and Mount Rushmore, amongst others, in the years to come.”

About Under Canvas

Under Canvas, a 2017 Inc. 5000 Top Travel and Hospitality company in the U.S., offers luxurious glamping accommodations just minutes from America’s most popular national parks. Inspired by the African safari experience, the founders Jacob & Sarah Dusek set out to create an immersive outdoor escape that serves as a unique bridge between travel and nature while offering all the comforts of a hotel. Recognized as the “perfect glamping experience” by Vogue, Under Canvas will double their collection of boutique-tented camps in 2018. The August 2017 opening of Under

Canvas Zion marked their fourth location with sister properties in Moab, Yellowstone and Glacier national parks. For more information, visit www.undercanvas.com.

About Spanos Barber Jesse & Co.

Spanos Barber Jesse & Co. manages a private investment fund with over $200 million of committed capital from offices in the San Francisco Bay Area and Dallas. SBJ invests in lower middle-market consumer, business services and healthcare services companies. Additionally, SBJ has the flexibility to invest equity or debt in control or non-control situations to finance buyouts, recapitalizations, acquisitions and growth. Founded by a team of professionals with over 75 years of experience growing companies as investors, executives and advisors, SBJ draws on the operating experience and domain expertise of its team to support the strategic goals of its partner companies. For more information, please visit www.sbjcap.com.

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