NEMO Equipment, Inc. announced that it completed a subordinated debt recapitalization led by Pine Street Capital Partners. NEMO Equipment is a Dover, New Hampshire-based designer, marketer, and distributor of premium outdoor adventure equipment.
NEMO Equipment (www.nemoequipment.com) was founded in 2002 with the guiding vision to imagine and create cutting-edge, innovative, intelligently designed outdoor adventure equipment. Since its founding, NEMO has introduced numerous industry-first technologies in its product niches: tents, sleeping bags, sleeping pads and outdoor furniture. It has been consistently recognized as one of the fastest-growing and most awarded outdoor equipment brands in the industry. NEMO has garnered the 2018 Vendor of the Year from the Grassroots Outdoor Association, an association of independent retailers, as well as the 2017 Vendor of the Year from REI, the largest outdoor retailer in the world.
“Here at NEMO we’ve built and nurtured a culture of openness, authenticity, growth, and adventure. Pine Street understands our vision and how we are thinking about the future and wants to help us achieve our goals. I’m excited to continue pushing the envelope with their support.” Cam Brensinger, Founder and Chief Executive Officer NEMO Equipment, Inc.
Pine Street Capital Partners (www.pinecap.com) is a multi-fund management company formed in 2004. PSCP's latest fund, Pine Street Capital Partners III, LP, invests subordinated debt in successful, established companies with experienced and committed management teams, providing capital for buyouts, recapitalizations, acquisitions and corporate growth.
“NEMO is exactly the type of founder-run, innovative growth story that we like to help support in our business. We are excited to work alongside Cam Brensinger and his incredibly successful team in the coming years to help NEMO reach its greatest potential.” David Morris, Managing Partner Pine Street Capital Partners III, LP
Bigelow (www.bigelowllc.com) architected a transaction to access a modest amount of subordinated debt to redeem a small, super-loyal, and helpful family office investor, plus provide capital to fund future growth.
Dover, New Hampshire
has been recapitalized by
The undersigned initiated this transaction
and acted as M+A advisor to
NEMO Equipment, Inc.