Brentwood, Tennessee-based MacNeill Pride Group, a global designer and manufacturer of outdoor products and sporting goods, has acquired Klymit, a Kaysville outdoor gear designer. Terms of the transaction were not disclosed. MPG is a portfolio company of Centre Partners.
Founded in 2007, Klymit produces lightweight outdoor sleeping pads, pillows, blankets, tents and sleeping bags that are designed and tested in the Wasatch Mountains under the Sleep Outside trademark.
The addition of Klymit to MacNeill Pride’s portfolio of brands follows its recent acquisitions of GCI Outdoor, a designer of outdoor recreation equipment, including portable camping chairs, camp kitchens, waterside chairs and recliners and other outdoor gear, and ORCA, a supplier of coolers, drinkware and other outdoor accessories.
“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 MacNeill Pride. “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 in a management role.