Hyperlite Mountain Gear Inc., based in Biddeford, ME, has secured an investment from T-street Capital, LLC.
Founded in 2010 by brothers Mike and Dan St. Pierre, Hyperlite offers high-tech, ultralight gear including backpacks, tents and accessories.
Dale Cheney, general partner at T-street, commented, “We believe that we’ll continue to see strong growth trends within the health & wellness and outdoor industry, and the Hyperlite brand has successfully captured the consumer’s passion for authenticity and high-performance. Hyperlite is well-positioned to benefit from the rising demand for outdoor gear for the avid backcountry adventurer.” Cheney continued, “We are very enthusiastic to partner with such amazing founders, Mike & Dan St. Pierre, as well as the exceptional team that they have assembled which includes some of the most talented and innovative professionals in the outdoor industry.”
Mike St. Pierre, CEO of Hyperlite, noted, “This investment marks an important milestone for Hyperlite as we prepare to accelerate our growth and continue to execute our vision of providing the consumer with the knowledge and best-in-class ultralight products and integrated solutions for a transformational outdoor experience.”
Will Manzer, chairman of Hyperlite and former chairman of the Outdoor Industry Association, added, “We welcome T-street’s successful experience and expertise in developing emerging consumer product brands. T-street shares a passion for our brand and truly supports our strategy and vision for the future, and we look forward to a successful partnership as we continue to expand Hyperlite both domestically and internationally.”
Photo courtesy Hyperlite