Outlast Technologies, the maker of temperature-regulating technologies in apparel and footwear, has been acquired by Golden Equity Investments, a Colorado private equity firm that invests in operating businesses.
Outlast customers and partners can expect to receive the same levels of service and quality products to which they have become accustomed. The company said the acquisition will enhance an already robust supply chain allowing Outlast to maintain its position as an industry leader in phase-change technology, benefitting Outlast's customers and partners worldwide.
The Outlast workforce and leadership teams will remain in place and all of Outlast's sales, distribution and licensing operations worldwide will continue with business as usual. Outlast operations in North America, Europe and Asia will remain unchanged.
The company will keep the Outlast name, but as part of the transaction, Outlast Technologies will be converting to an LLC to fit GEI's structural requirements.
Outlast Technologies LLC, a privately held U.S. corporation, has been a leader in phase change materials and applications. The company's heat management technology was originally developed for NASA to enable any textile to absorb, store and release heat. Outlast technology pro-actively responds to changes in skin temperature to manage heat and reduce moisture for everyday comfort.
Golden Equity Investments (GEI) is a private equity firm based in Golden, CO that seeks to make control investments in growing companies across a variety of consumer and industrial markets.