MacNeill Pride Group (MPG) has acquired Klymit. The terms of the transaction were not disclosed.
MPG, a portfolio company of Centre Partners, owns ORCA, GCI Outdoor, PrideSports, Freestyle Rocker, RoadTrip Rocker, SoftSpike, CHAMP, Pride Golf Tee, and Professional Tee System.
Based in Kaysville, UT, Klymit was founded in 2007 and is a manufacturer of lightweight outdoor sleeping pads, pillows, blankets, tents, sleeping bags, and camping accessories. Its products are designed and tested in the Wasatch mountains of Utah.
The addition of Klymit to MPG’s portfolio of brands further enhances its platform in the outdoor recreation space. Recent acquisitions have included GCI Outdoor and ORCA.
“Klymit’s distinctive outdoor products, authentic brand, and innovation-focused culture are a natural fit with our growing platform of outdoor brands,” said Keith Bornholtz, CEO of MPG. “This acquisition expands our portfolio into new, complementary markets, enabling our brands to meet multiple consumer needs as they spend more time outside. This clearly furthers our goal of providing consumers with brands that enhance every outdoor experience so they want to come back again and again.”
Cory Tholl, president and CEO of Klymit, said, “I am thrilled that Klymit will join MPG’s portfolio of innovative outdoor brands. This partnership will enable Klymit to reach more outdoor enthusiasts with the ultimate mission of getting more people outside with the people they care about.” Tholl will remain with the company.
The acquisition of Klymit follows MPG’s appointment of Bornholtz as CEO of MPG and the appointment of a new Board of Directors and the acquisitions of ORCA and GCI Outdoor earlier this year.
Photo courtesy Klymit