Deal Details
West Marine Is Acquired by L Catterton
Summary
West Marine (the “Company”), a portfolio company of Monomoy Capital Partners (“Monomoy”), was recently acquired by L Catterton. Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to West Marine on this transaction.
About
Founded in 1968, West Marine is the leading integrated, omni-channel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets in the United States With 237 locations across 38 states and Puerto Rico and two ecommerce platforms reaching domestic, international and professional customers, West Marine is the largest specialty retailer and wholesaler for boating products in the country and recognized by its enthusiast customer base as the leading resource for all types of boaters. The Company is headquartered in Fort Lauderdale, Florida.L Catterton has over $25 billion of equity capital across its fund strategies and 17 offices around the world, making it the largest global consumer-focused private equity firm. L Catterton's team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and a broad partnership network. Since 1989, L Catterton has made over 200 investments in leading consumer brands. L Catterton is headquartered in Greenwich, Connecticut.
Monomoy Capital Partners is a private investment firm with $2.5 billion in committed capital across a family of five investment funds. Monomoy invests in the debt and equity of middle market businesses that can benefit from operational and financial improvement with a focus on manufacturing, distribution and consumer product businesses in North America and Europe. Monomoy is headquartered in New York, New York.
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- Date
- June 2021
- Company
- West Marine
- Transaction
- M&A - Sellside
- Sectors
-
Consumer
Industrial - Verticals
-
Outdoor Recreation & Sporting Goods
Vehicle Technology & Mobility
- Target Geography
- North America
- Acquiror Geography
- North America
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