Sea to Summit Pty, Ltd., the adventure equipment brand headquartered in Perth, Western Australia, announced that Australia-based investment firm, Five V Capital, signed an agreement to become the majority shareholder in the company.
In Australia, Sea to Summit distributes its Sea to Summit Brands business, including BioLite, Black Diamond, CamelBak, Helinox, and Jetboil.
Founded in 1991 by Roland Tyson and co-led with his partner, Penny Sanderson, who joined the business in the mid-90s, Sea to Summit distributes products in over 73 countries with offices in Australia, the U.S., Germany, and China.
Through its partnership with Sea to Summit, Five V Capital said it sees a “significant opportunity to accelerate the company’s global growth, pursuing opportunities across the breadth of the Sea to Summit’s business, including in key areas that can benefit from Five V’s omnichannel consumer, e-commerce, supply chain and sustainability expertise.”
Sea to Summit’s founder, Roland Tyson, will continue to be a shareholder with Five V and continue to advise the company on product design and marketing as a director of the company. Sally McCoy is stepping down as executive chair and to become a non-executive director of the company.
The transaction is expected to complete in June 2022.
Photo courtesy Sea to Summit
