West Marine, an integrated, omni-channel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets in the U.S. announced it has entered into a definitive agreement to be acquired by L Catterton, according to BoatingIndustry.com.
L Catterton is the largest global consumer-focused private equity firm and has extensive experience building enthusiast brands. Terms of the transaction were not disclosed.
Founded in 1968, West Marine operates 237 physical locations across 38 states and Puerto Rico, and two eCommerce platforms reaching domestic, international and professional customers. In partnership with L Catterton, West Marine plans to continue to expand its industry-leading consumer marine centers and fast-track the advancement of its digital content, commerce and community capabilities for customers.