Travel trailer maker Taxa Outdoors announced that the Growth Fund of L Catterton acquired it. RX3 Growth Partners is also an investor. Taxa said the investment would drive its distribution growth and expand its product offerings. The terms of the transaction were not disclosed.
“I founded Taxa eight years ago to break down the barriers between people and nature, creating innovative and rugged camping machines to enhance outdoor experiences,” said CEO and founder Garrett Finney. “By leveraging L Catterton’s significant consumer and operational expertise, including a strong track record of supporting experiential outdoor brands, we will be well-positioned to continue driving exceptional growth and serving our remarkable community of customers. We are excited to partner with L Catterton to expand our reach and launch new types of habitats and products to further our mission of inspiring more people to journey into nature.”
“In Taxa, we saw a unique opportunity to invest in a differentiated premium outdoor brand with unmatched authenticity and credibility and a strong ethos dedicated to helping people explore and enjoy the outdoors,” said Matt Nugent, a partner at L Catterton.
“With innovation and community at its forefront, Taxa is a prime candidate for RX3’s investment strategy,” said Nate Raabe, managing partner, RX3 Growth Partners. “We’ve been following the growth trajectory of the outdoor category for some time and are looking forward to working closely with Garrett, Divya and the team further to solidify Taxa as the winning brand within that space.”
In the outdoor space, L Catterton has invested in West Marine, Getaway, Airxcel, Truck Hero, Heartland RV, Leslie’s, and Pinarello, among others.
Photo courtesy Taxa Outdoors