House of Outdoors Inc. acquires LYN Fishing
DALLAS: Rise Run Capital’s portfolio company House of Outdoors Inc. (HOO) has acquired LYN Fishing, a news release said.
LYN creates high quality fishing line for a variety of angling styles, methods and environments.
“As HOO’s portfolio continues to grow, we are committed to investing in businesses and providing a platform to continue to nurture and grow young, innovative brands to ensure our customers have the best experience on the water,” said Corbin Cook, Rise Run Co-Founding Partner.
“By acquiring LYN, HOO is well positioned to gain additional traction in the fishing line, lure and bait categories. We’re confident that LYN’s strategy and its founder Sam Moore, align in a way that will undoubtedly benefit our customer and we’re confident our industry-leading management team at HOO will take LYN to the next level.”
Legal counsel was provided by Spencer Fane LLP led by Brian Memory, Chris Summers and Macy Matthews. The transaction closed with debt financing provided by CrossFirst Bank.
Rise Run Capital is a Dallas-based private equity firm which invests flexible and creative capital into middle market companies with EBITDA between $2 and $15 million, strong management teams, attractive and defensible market positions and minimal customer and supplier concentrations.
Rise Run focuses on consumer/outdoor products, healthcare, and service companies. Rise Run partners pride themselves on being collaborative team members alongside founders and current management teams.
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