DALLAS, Dec. 30,
2024 /PRNewswire/ -- Highlander Partners, L.P.
("Highlander"), a Dallas-based
private investment firm, today announced the acquisition of The
Ergo Baby Carrier, Inc., ("Ergobaby" or the "Company") from Compass
Diversified (NYSE: CODI). Founded in 2003 and headquartered
in Los Angeles, California,
Ergobaby is the global market leader in premium baby carriers. The
Company's ergonomically designed products provide the ultimate in
comfort and ergonomics for both the baby and the caregiver. Through
its global workforce of 170 employees, Ergobaby reaches customers
across more than 1,800 retail doors and maintains distribution in
over 75 countries.
Ergobaby's premium brand portfolio includes three distinct
market leaders:
- Ergobaby: The flagship brand that has become synonymous with
premium baby carriers;
- Tula: Known for functional carriers featuring expressive
prints, inclusive sizing, and artisan craftsmanship; and
- Belly Bandit: A solutions-focused maternity and postpartum
brand providing solutions during pregnancy, post-partum recovery
and while nursing.
The Company's comprehensive product line includes ergonomically
designed baby carriers, wraps, strollers, bouncers, highchairs,
maternity and post-partum support bands and apparel, and feeding,
sleep and nursing accessories. The Company's product line is
designed to support parents and babies through every stage of
pregnancy and early development.
Jeff L. Hull, President and CEO
of Highlander Partners commented, "This acquisition further
emphasizes Highlander's focus on investing in category-leading
branded consumer product companies. As the #1 baby carrier
brand globally, Ergobaby has tremendous growth opportunities driven
by product innovation, market expansion and increased consumer
awareness. In addition, we have a strong track record of
implementing a "buy and build" approach with our investments and we
see significant M&A opportunities that would complement
Ergobaby's parenting solutions portfolio and business strategy to
better serve its customers in the broader juvenile products
market."
Jason Frame, CEO of Ergobaby,
added, "We are excited about the new partnership with Highlander
and will benefit from their expertise within branded consumer
products. The management team is energized, and our pipeline is
full of new opportunities. Our brands enjoy exceptional consumer
awareness, and we are well positioned to continue our historical
success in the foreseeable future."
Robert W. Baird & Co acted as exclusive financial advisor
and Gibson, Dunn & Crutcher LLP acted as legal counsel to CODI.
Katten Muchin Rosenman LLP acted as legal counsel to
Highlander.
About Ergobaby
Founded by a mother in 2003, Ergobaby
was founded on the belief that there's magic in every little
parenting triumph, even during the not-so-joyful jobs of raising
your little one. Through award-winning baby carriers, strollers,
bouncers, and more, Ergobaby is committed to providing parents with
the foundation to thrive with products that are engineered for
comfort and ease. For more information visit www.ergobaby.com.
About Highlander Partners
Highlander Partners, L.P. is
a Dallas-based private investment
firm with more than $3 billion in
assets under management and deploys its own proprietary capital.
The firm focuses on making investments in businesses in targeted
industries in which the principals of the firm have significant
operating and investing experience. Highlander Partners employs a
buy and build investment approach, creating value by helping
companies grow both organically and through acquisitions.
Additional information about Highlander at
www.highlander-partners.com.
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SOURCE Highlander Partners, L.P.
