Coalision, the Montreal-based parent of Orage and Lolë, has entered into a partnership with Kilmer Capital Partners, a Canadian investment group. Terms of the arrangement were not disclosed. Coalision said the association with Kilmer will help the company and its management team capitalize on its potential for growth.
“Our investment group recognizes the expansion potential of Coalision, based on solid, growing brands and a strong, enthusiastic management team,” said André La Forge, Managing Partner of Kilmer Capital Partners.
According to Eric DAnjou, president and chief executive officer of Coalision, “Management and staff are very enthusiastic about the growth opportunities that this partnership will bring. Under the terms of the agreement, there will be no changes in the companys management and current shareholders will retain significant ownership of the company.”
Created in 1989, Coalision has developed brands in two distinct niche segments of the active apparel market including Orage, a ski and lifestyle brand, and Lolë, a leading womens active-wear brand. The company also has offices in Burlington (Vermont, USA), Annecy (France) and Hong Kong.
