Littleton, Mass. – The board of directors and senior management of Dover Saddlery, Inc. have initiated a process to identify and consider a range of operational, financial and strategic alternatives to better pursue its growth strategy and that may accelerate the enhancement of value for the benefit of its stockholders.
At the direction of the board, the company has engaged Duff & Phelps Securities, LLC as its exclusive financial advisor in connection with the review process. While the board has previously received unsolicited expressions of interest in relation to various potential strategic transactions from time to time, it says it is not currently in discussions with any particular party. Dover Saddlery says it will continue executing its long-term operational plan, which includes the continued rollout of its retail store expansion plan and the integration and realization of the strategic and financial benefits of new retail stores opened during the past several years.