BRENTWOOD, Tennessee, July 16, 2021 – (BUSINESS WIRE) – MacNeill Pride Group® (MPG), a diversified global designer and manufacturer of outdoor products and sporting goods, has acquired Klymit, a leading outdoor equipment company. The terms of the transaction were not disclosed. MPG is a Center Partners portfolio company.
Klymit, based in Kaysville, Utah, has been questioning the conventional approach to outdoor gear since 2007 with the idea that the experience of outdoor enthusiasts can be enhanced through new technologies that create comfortable, lightweight, and durable products through comfort innovation. Klymit gear – lightweight outdoor sleeping mats, pillows, blankets, tents, sleeping bags, and other camping accessories that are comfortable, easy to use and designed for any adventure – is designed and tested in the Wasatch Mountains of Utah to help customers sleep Outside ™ convenient.
The inclusion of Klymit in the MPG brand portfolio strengthens its platform in the outdoor leisure area and further expands its already leading position in sporting goods. With the recent acquisitions of GCI Outdoor, a designer of high quality outdoor recreational equipment including portable camping chairs, camping kitchens, waterfront chairs and loungers, and other outdoor gear, and ORCA, a supplier of premium coolers, drinkware, and other outdoor accessories MPG is quickly developing into a leading innovator in the dynamic outdoor leisure and sporting goods markets.
“Klymit’s distinctive outdoor products, authentic brand and innovation-driven culture are a perfect fit for our growing platform of outdoor brands,” said Keith Bornholtz, CEO of MPG. “This acquisition expands our portfolio into new, complementary markets and enables our brands to meet diverse consumer needs when they spend more time outdoors. This clearly benefits our goal of offering consumers brands that enhance any outdoor experience so that they will want to come back and again. “
The story goes on
Cory Tholl, President and CEO of Klymit, said, “I am delighted that Klymit will be added to 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 stay with the company. The takeover of Klymit follows Bornholtz’s appointment as CEO of MPG and the appointment of a new board of directors by MPG, as well as the takeovers of ORCA and GCI Outdoor earlier this year.
Klymit, GCI Outdoor and ORCA will be attending Outdoor Retailer’s Summer Show at the Colorado Convention Center in Denver August 10-12. Stop by to find the latest from each brand at booth # 42007.
About the MacNeill Pride Group
Headquartered in Nashville, TN, with offices in the Americas, Europe and Asia. The MacNeill Pride Group, a portfolio company of the medium-sized private equity firm Center Partners, is a leading designer, manufacturer and distributor of products that help people enjoy the great outdoors. The recognized brands of MPG include ORCA ™, GCI Outdoor ™, PrideSports®, Freestyle Rocker ™, RoadTrip Rocker ™, SoftSpike®, CHAMP®, Pride Golf Tee® and Professional Tee System®. You can find more information 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 Communication
For center partners
Sierra Krebsbach, Head of Brand and Communication