with contributions from Patty Huntington
 on January 5, 2018

If Boardriders Inc.’s $155.5 million offer to buy rival Billabong International Inc. goes through, the deal brings a new kind of scale to the action sports industry hardly lost on the acquirer’s incoming chief executive officer.

Dave Tanner, who serves as managing director at Boardriders owner Oaktree Capital Management LP and Boardriders chief turnaround officer, will take the reins as ceo once the deal closes. Current Boardriders ceo Pierre Agnes is to serve as president. “This is a transformative acquisition to create a leading action sports platform,” Tanner said in an interview Friday.

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