Outward Hound, known for its extensive range of toys, feeders, and treats including the Nina Ottosson and Best Friends by Sheri lines, plans to leverage this partnership to broaden its market reach. CEO Jared Mosher stated that the backing provides the necessary flexibility to deepen retail relationships and accelerate the development of new offerings for pet owners.
H.I.G. Capital Takes Majority Stake in Pet Brand Outward Hound
Pet industry player Outward Hound has transitioned to majority ownership under H.I.G. Capital, a global investment firm managing $75 billion in assets. The deal, announced Tuesday from the company’s Centennial headquarters, aims to inject fresh capital into product innovation and retail expansion for the firm’s diverse portfolio of pet brands.
Vivek Jain, Managing Director at H.I.G. Capital, signaled that the firm intends to work closely with existing leadership to scale the business. This acquisition marks a significant milestone for Outward Hound, which has established itself as a key supplier in the pet category since its founding. H.I.G. Capital brings a track record of managing over 400 companies to the table, positioning the pet brand for its next phase of growth in an increasingly competitive retail landscape.
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