Outward Hound Welcomes H.I.G. Capital as Majority Owner for Growth Trajectory

Outward Hound Welcomes H.I.G. Capital as New Majority Owner

In a significant move towards accelerating its growth, Outward Hound has recently announced that funds affiliated with H.I.G. Capital have acquired a majority stake in the company. This transition is poised to offer Outward Hound enhanced resources, enabling the pet product innovator to strengthen its product lines and expand its market reach.

Jared Mosher, CEO of Outward Hound, expressed excitement about the acquisition. He stated, "This is an exciting moment for the company. The support from H.I.G. provides us with greater flexibility to invest in our brands, accelerate product innovation, and leverage growth opportunities." This shift not only secures additional funding but also aims to deepen relationships with customers and explore potential new product categories.

Outward Hound is well-known for its range of high-quality toys, gear, and food products designed for dogs and cats. The company boasts several respected brands, including Outward Hound®, Best Friends by Sheri®, and Nina Ottosson®, among others. Each of these names is synonymous with innovation and quality in the pet industry.

With this new partnership, Outward Hound aims to further enhance its commitment to pet owners and retail partners by providing exceptional products that meet the evolving needs of pet care. The influx of resources from H.I.G. Capital will undoubtedly support Outward Hound's mission to continue setting standards in pet product innovation.

H.I.G. Capital is recognized as a leading global investment firm with a focus on mid-sized companies, maintaining a robust portfolio that supports value creation. Founded in 1993, H.I.G. manages over $75 billion in assets across various sectors. With investment professionals located in major cities across the U.S. and internationally, H.I.G. is well-positioned to assist Outward Hound in achieving its ambitious growth plans.

Vivek Jain, Managing Director at H.I.G. Capital, shared his enthusiasm for the collaboration, stating, "We are excited to work with Outward Hound and its leadership team to expand the business and capitalize on the opportunities ahead." This sentiment reflects a mutual aim to drive Outward Hound's success, by leveraging H.I.G.'s operational expertise and capital resources.

As Outward Hound steps into this new phase of growth, it continues to focus on what makes it a beloved brand among pet owners: unique products, strong customer relationships, and a commitment to quality. This acquisition aligns with the company's strategic objectives and positions it for long-term success in the competitive pet products market.

In conclusion, the entry of H.I.G. Capital as a majority stakeholder is an exciting chapter for Outward Hound. With a solid foundation of innovative products and an experienced management team, the company is well-equipped to navigate the next phase of its journey, all while continuing to enrich the lives of pets and their owners worldwide.