MacNeill Pride Group Expands Portfolio of Leading Outdoor Brands With Acquisition of Klymit
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Jul 16, 2021--
MacNeill Pride Group® (MPG), a diversified global designer and manufacturer of outdoor products and sporting goods, has acquired Klymit, a leading outdoor gear designer. Terms of the transaction were not disclosed. MPG is a portfolio company of Centre Partners.
Based in Kaysville, Utah, Klymit has been challenging the conventional approach to outdoor gear since 2007 with the idea that the experience of outdoor enthusiasts can be enhanced with new technologies that produce comfortable, lightweight, and rugged products through comfort innovation. Klymit gear — lightweight outdoor sleeping pads, pillows, blankets, tents, sleeping bags, and other camping accessories that are comfortable, easy-to-use, and engineered for every adventure — is designed and tested in the Wasatch mountains of Utah to help customers Sleep Outside™ comfortably.
The addition of Klymit to MPG’s portfolio of brands further enhances its platform in the outdoor recreation space, adding to its already leading position in sporting goods. With the recent acquisitions of GCI Outdoor, a designer of high quality outdoor recreation equipment, including portable camping chairs, camp kitchens, waterside chairs and recliners and other outdoor gear, and ORCA, a supplier of premium coolers, drinkware and other outdoor accessories, MPG is quickly becoming a leading innovator in the dynamic outdoor recreation and sporting goods markets.
“Klymit’s distinctive outdoor products, authentic brand, and innovation-focused culture are a natural fit with our growing platform of outdoor brands,” said Keith Bornholtz, CEO of MPG. “This acquisition expands our portfolio into new, complementary markets, enabling our brands to meet multiple consumer needs as they spend more time outside. This clearly furthers our goal of providing consumers with brands that enhance every outdoor experience so they want to come back again and again.”
Cory Tholl, President and CEO of Klymit, said, “I am thrilled that Klymit will join MPG’s portfolio of innovative outdoor brands. This partnership will enable Klymit to reach more outdoor enthusiasts with the ultimate mission of getting more people outside with the people they care about.”
Tholl will remain with the company. The acquisition of Klymit follows MPG’s appointment of Bornholtz as CEO of MPG and the appointment of a new Board of Directors, as well as the acquisitions of ORCA and GCI Outdoor earlier this year.
Klymit, GCI Outdoor and ORCA will participate in Outdoor Retailer’s summer trade show at the Colorado Convention Center in Denver from August 10-12. Stop by to discover the latest from each brand at booth #42007.
About MacNeill Pride Group
Headquartered in Nashville, TN with offices across America, Europe and Asia. MacNeill Pride Group, a portfolio company of middle-market private equity firm Centre Partners, is a leading designer, manufacturer and distributor of products that help people enjoy the outdoors. MPG’s well-recognized brands include ORCA™, GCI Outdoor™, PrideSports®, Freestyle Rocker™, RoadTrip Rocker™, SoftSpike®, CHAMP®, Pride Golf Tee® and Professional Tee System®, amongst others. More information can be found at www.macneill-pride.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210716005409/en/
For MacNeill Pride Group (Klymit™, GCI Outdoor™, ORCA™, PrideSports®, Freestyle Rocker™, RoadTrip Rocker™, SoftSpike®, CHAMP®, Pride Golf Tee® and Professional Tee System®)
Lauren Haber, Verde Brand Communications
(412) 780-5000For Centre Partners
(917) 842-7205For Klymit
Sierra Krebsbach, Brand and Communications Director
KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE
INDUSTRY KEYWORD: OUTDOORS RETAIL SPECIALTY SPORTS
SOURCE: MacNeill Pride Group
Copyright Business Wire 2021.
PUB: 07/16/2021 12:33 PM/DISC: 07/16/2021 12:33 PM