H.I.G. Capital becomes majority owner of Outward Hound
Investment firm H.I.G. Capital has acquired a majority ownership stake in Outward Hound, a producer of pet products. The ownership change is intended to support the company's growth strategy.
CENTENNIAL, Colorado – Funds affiliated with H.I.G. Capital have assumed majority ownership of Outward Hound, a company specializing in dog and cat products. This acquisition is expected to provide Outward Hound with additional resources to accelerate product innovation, strengthen retail partnerships, and explore new market opportunities.
Outward Hound manufacturers and distributes a range of pet products including toys, games, gear, feeders, beds, and treats. The company's portfolio includes brands such as Outward Hound®, Best Friends by Sheri®, Catstages™, Wholesome Pride Pet Treats®, Nina Ottosson®, Planet Dog®, and Pupstages®.
CEO Jared Mosher stated that H.I.G. Capital's support will provide greater flexibility for brand investment and product innovation, enabling the pursuit of new growth avenues. The company emphasizes its ongoing commitment to its distinctive brands, robust product development, and trusted customer relationships.
H.I.G. Capital is a global alternative investment firm managing $75 billion in capital. The partnership aims to expand the business and capitalize on future growth opportunities in collaboration with Outward Hound's leadership.