Boulder, CO-based Outlast Technologies has been acquired by Golden Equity Investments, a Golden, CO private equity firm.
The Outlast workforce and leadership teams will remain in place as will the company’s sales, distribution and licensing operations worldwide. Outlast runs North American sales from Boulder, European sales from Heidenheim, Germany and Asian sales from Tokyo, Japan.
The company will keep the Outlast name, but as part of the transaction, will be converting to an LLC to fit GEI's structural requirements.
Founded in 1990, privately held Outlast’s heat management technology was originally developed for NASA to enable any textile to absorb, store and release heat. It’s materials respond to changes in skin temperature to proactively manage heat and moisture for everyday comfort.
Today, the company owns more than 96 issued patents and 59 pending patents related to thermally adaptive materials. More than 200 brands incorporate its phase change technology into apparel, footwear, bedding, packaging and accessories. Customers include Cocoon, Seirus, Spenco Medical, Superfeet, Timberland and Wigwam. A few examples of products launched at retail this year with Outlast technology include Royal Bermuda socks, Spenco insoles and Airblaster outdoor apparel.
