Investment firm HIG Capital has become new majority owner of American pet care supplier Outward Hound.
Headquartered in in Centennial, Colorado, the company is a manufacturer and distributor of toys, games, gear, feeders, beds, and treats for dogs and cats, with brands including Outward Hound, Best Friends by Sheri, Catstages, Wholesome Pride Pet Treats, Nina Ottosson, Planet Dog, and Pupstages.
The acquisition provides Outward Hound with additional support to build on its family of dog and cat brands, accelerate product innovation, deepen customer partnerships, and pursue expanded category opportunities, said the manufacturer.
Outward Hound chief executive Jared Mosher said: “This is an exciting moment for the Company. HIG’s support gives us greater flexibility to invest behind our brands, accelerate product innovation, and pursue growth opportunities.
“We remain focused on building on what makes Outward Hound valuable to pet parents and retail partners: distinctive brands, strong product development, and trusted customer relationships.”
HIG is a global alternative investment firm with offices in the US, Europe, South America and Asia. The firm’s current portfolio includes more than 100 companies with combined sales in excess of US$53 billion.
