Outward Hound has announced that funds affiliated with H.I.G. Capital have acquired a majority ownership stake in the company.
The investment is intended to support Outward Hound’s continued growth by strengthening its portfolio of dog and cat brands, accelerating product innovation, expanding customer partnerships and pursuing new category opportunities.
Jared Mosher, CEO of Outward Hound, said the transaction marks an important milestone for the business.
“H.I.G.’s support gives us greater flexibility to invest behind our brands, accelerate product innovation and pursue growth opportunities.”
He added that the company remains focused on the qualities that have made it successful, including its distinctive brands, product development capabilities and long-standing relationships with retail partners.
Vivek Jain, Managing Director at H.I.G. Capital, welcomed the partnership.
“We are pleased to partner with Outward Hound and the leadership team to expand the business and capitalise on the opportunities ahead.”
