Private equity firm L Catterton has announced it has entered into a definitive agreement under which it will acquire a controlling interest in West Marine, 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 an 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 a leading resource for cruisers, sailors, anglers, and watersports enthusiasts.
In partnership with L Catterton, West Marine said it plans to continue to optimize its industry-leading marine centers, fast-track the advancement of its digital content, commerce, and community capabilities, and deliver value to customers with product expertise and an exceptional consumer experience.
