Moosejaw Mountaineering and Backcountry Travel, Inc. has taken on Parallel Investment Partners as a private equity partner. Robert Wolfe, Moosejaws founder, and his siblings will maintain significant ownership in the multi-channel retail chain and continue in their current management positions.
“Moosejaw is in the midst of significant double-digit growth, and there is a huge upside opportunity. Our new partnership with Parallel will allow us to expand the online, catalog, retail and private-label businesses more efficiently and more effectively,” Wolfe said in a prepared statement.
The recapitalization closed in January 2007. Financial terms were not disclosed. Moosejaw was advised by Financo, Inc.