Press release content from PR Newswire. The AP news staff was not involved in its creation.
T-street Capital Announces Growth Equity Investment In Hyperlite Mountain Gear
March 8, 2021 GMT
(PRNewsfoto/T-Street Capital, LLC)
NEW YORK, March 8, 2021 /PRNewswire/ T-street Capital, LLC (“T-street”), a consumer-focused growth equity fund, announced today that it has completed an investment in the high-performance backcountry superfan brand, Hyperlite Mountain Gear, Inc. (“Hyperlite”). Based in Maine and founded in 2010 by brothers Mike and Dan St. Pierre, Hyperlite is a disruptor within the branded backcountry gear market and a leading innovator, designer, and manufacturer of high-tech, ultralight gear including backpacks, tents, and accessories. Mike St. Pierre created Hyperlite to provide the backcountry athlete with the most technologically advanced materials and innovative products that are lightweight, durable, and highly water-resistant, thereby providing for a transfo
By Staff
Hyperlite Mountain Gear Inc., a Biddeford maker of high-performance outdoor recreation products, has received an investment from New York-based T-street Capital LLC.
Dale Cheney, general partner at the growth equity firm, on Monday would not disclose to Mainebiz the amount or other details. T-street typically invests $5 million to $25 million in consumer product companies with annual revenues between $10 million and $100 million, according to its website.
Hyperlite s products include lightweight backpacks, shelters, apparel and accessories for hiking, climbing, skiing and other outdoor activities.
Cheney said in a news release, We believe that we ll continue to see strong growth trends within the health and wellness and outdoor industry, and the Hyperlite brand has successfully captured the consumer s passion for authenticity and high-performance.