Adventure Ready Brands announced the acquisition of LuminAID, maker of solar-powered lighting and charging solutions for the outdoors and emergency use. The transaction closed on November 19.
Adventure Ready Brands’ product portfolio includes After Bite insect bite relief, Adventure Medical Kits and Survive Outdoors Longer camping gear. Following an equity investment by Victor Capital Partners in January 2019, the company has grown quickly through both organic sales growth and strategic acquisitions. Adventure Ready Brands said the LuminAID investment continues the company’s commitment to merger and acquisition activity as Adventure Ready Brands seeks to grow its portfolio of consumer-driven brands that inspire outdoor adventure. The company is based in Littleton, NH and Kalispell, MO.
Adventure Ready Brands CEO Chris Heye said, “At Adventure Ready Brands, we have a team of passionate people that know how to grow brands that delight both consumers and retail customers. As a strong brand with a great product portfolio, driven by a powerful mission, LuminAID fits the mold perfectly for the company we are building. We are strong believers in the LuminAID mission to make safe light and energy accessible for all, and we think that our brand-building and selling strengths will help bring its solar-powered products to more people across the world.”
In 2015, LuminAID co-founders Andrea Sreshta and Anna Stork appeared on the ABC program, Shark Tank. Each of the show’s “sharks” offered backing for LuminAID, with host Mark Cuban becoming the company’s first investor.
LuminAID Co-Founder Andrea Sreshta said, “Since 2010, LuminAID has been a passion-driven project led by our mission to make safe light and energy accessible for all. Partnering with Adventure Ready Brands brings with it the capabilities to scale our business and humanitarian work to reach more people around the world. We couldn’t be more excited for this next step for the brand we’ve poured our lives into for more than a decade.”
Photo courtesy LuminAID