Implus, a Durham, NC-based provider of athletic, fitness and outdoor accessories, has acquired 32 North Corp., dba Stabil, the maker of Stabilicers, Stat-A-Rest and Stabil Turf performance footwear traction products made in the U.S. and Canada. Terms were not disclosed.
Stabil will be integrated into Implus’ current portfolio of traction brands, including Yaktrak, SnowTrax by Yaktrax and Icetrekkers. In conjunction with the transaction, Implus will maintain Stabil’s sales operation based in Biddeford, ME, with fulfillment transitioning to Implus’ headquarters in Durham, NC.
“Stabil’s hard work and efforts over the last 25 years have created a perfect product complement to Implus’ leading assortment of traction accessories,” said Seth Richards, CEO, Implus. “We’re excited to offer a multi-branded traction portfolio to our retailer, industrial and government customers as we continue building on our ‘one-stop-shop’ approach for all accessory needs.”
Anne Gould, retiring CFO and founder of Stabil, said, “Implus is a strong partner to continue growing and innovating Stabil’s comprehensive and well-known product line. I’m certain that under the guidance of the Implus team, Stabil will continue to see the same steady growth that has been the hallmark of the STABIL brand throughout its history.”
Stabil will operate as a subsidiary of Implus, which is majority-owned by Boston, MA-based investment firm Berkshire Partners. Stabil represents the seventh acquisition for Implus since Berkshire’s investment in the company in April 2015.
Photo courtesy Stabil