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Apr 20, 2021
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Industry customer West Marine has a new owner – private equity firm L Catterton, which acquired Birkenstock earlier this year.
West Marine operates 237 stores and is known for its wide selection of boating, fishing, sailing and paddling gear.
With the backing of L Catterton, which bought the majority stake in the company, West Marine will continue to expand its marine centers, and will ramp up digital content and commerce, among other goals, according to a press release.
“West Marine has moved beyond its heritage as a retailer and is a highly trusted marine specialist and resource for boating enthusiasts. By leveraging our firm’s experience building enthusiast brands, we will be able to accelerate West Marine’s advanced omni-channel capabilities and enhance its consumer engagement, while creating an industry defining digital experience,” Marc Magliacano, Managing Partner at L Catterton said in a stateme
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L Catterton to Acquire West Marine
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GREENWICH, Conn., April 14, 2021 /PRNewswire/
L Catterton, the largest global consumer-focused private equity firm, today announced that it has entered into a definitive agreement under which
L Catterton will acquire a controlling interest in West Marine (the Company ), the nation s leading omni-channel platform in the marine aftermarket, from Monomoy Capital Partners. Terms of the transaction were not disclosed.
Founded in 1968, West Marine is the leading integrated, omni-channel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets in the U.S. With 237 physical locations across 38 states and Puerto Rico and two eCommerce platforms reaching domestic, international, and professional customers, West Marine is recognized as the leading resource for cruisers, sailors, anglers, and watersports enthusiasts. In partnership with
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