OrderMyGear is eyeing its next phase of growth with new funding and a new leader at the helm.
The Dallas-based e-commerce company focused on selling custom-branded goods to groups like sports teams has announced taking on a new debt facility from CIBC Innovation Banking to help it “enhance growth.” And leading that effort is the company’s new CEO, Leonid Rozkin.
“My hope is to propel OMG forward, and to continue driving innovation,” Rozkin said in a statement.
CEO shakeup
Rozkin joined OrderMyGear in 2019, previously serving as a vice president at California investment firm Francisco Partners. Since joining OMG as head of finance and accounting, Rozkin has also served as its CFO and co-CEO, according to his LinkedIn profile.
Rozkin takes over from Dave Dutch, who took on the top exec role at the beginning of 2019 from company co-founder Kent McKeaigg. A former CEO for property management payments platform PayLease, Dutch will stay on with OrderMyGear as the company’s executive chairman, where he will focus on building and bolstering partnerships, while coordinating with Rozkin.
“Leo brings the experience and attitude required to help lead OMG into the next stage of our business as we expand offerings to clients and accelerate growth,” Dutch said in a statement. “I look forward to the next set of milestones OMG accomplishes under Leo’s capable leadership.”
A ‘rapidly evolving’ industry
OMG’s C-suite moves comes as the debt facility from the Canadian banking and financial services multinational will help it “accelerate the launch of strategic partnerships and products,” the company said. Rozkin added that the funding will help the company’s clients “break into new markets and remain competitive,” describing the current state of the industry as “rapidly evolving.”
OrderMyGear has come a long way since it was launched in 2008 by McKeaigg and James Skidmore—both of whom have since left the company—as a way to simplify the paper-based ordering issues McKeaigg saw in his father’s youth sports team apparel and equipment dealing business in Oklahoma.
While the amount of new debt funding was not disclosed, OrderMyGear has raised more than $35 million, the bulk of which came from Susquehanna Growth Equity. The company found its way onto the Inc. 5000 list in 2016, staying there through last year, when it reported a 64% three-year growth rate. At the time, the company had about 100 employees.
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