L Catterton, THOR, Long Light Capital and Chesapeake Partners Invest in Open Road Resorts

Clarion Capital Partners Makes Strategic Investment in OpenRoad Lending

September 14, 2021

Financial Services

Clarion Capital Partners completed a strategic growth investment in OpenRoad Lending, a Fort Worth-based direct-to-consumer auto refinance lender, with OpenRoad’s founders remaining in leadership and retaining meaningful ownership. The capital will be used to expand OpenRoad’s product offerings (including potential auto purchase lending and insurance), broaden marketing channels, and support organic and acquisitive growth; financing for the deal was provided by funds managed by Madison Capital Funding and PennantPark Investment Advisers.

L Catterton Acquires TAXA Outdoors; RX3 Growth Partners Invests Alongside

March 8, 2022

Consumer Products

The Growth Fund of L Catterton has acquired TAXA Outdoors, a Houston-based maker of lightweight mobile habitats for outdoor adventure. RX3 Growth Partners is investing alongside L Catterton to help TAXA broaden distribution and expand its product offerings; terms were not disclosed.

L Catterton Acquires Controlling Interest in West Marine

April 14, 2021

Retail

L Catterton has entered into a definitive agreement to acquire a controlling interest in West Marine from Monomoy Capital Partners; terms were not disclosed and the transaction was expected to close in May/second quarter 2021. West Marine is the leading omni-channel marine aftermarket retailer with 237 stores across 38 states and Puerto Rico and two eCommerce platforms; L Catterton plans to accelerate the company’s omni-channel, digital and consumer engagement capabilities.

L Catterton Acquires Significant Stake in AmaWaterways

May 1, 2024

Restaurants & Hospitality

L Catterton has agreed to acquire a significant (substantial) stake in luxury river cruise operator AmaWaterways from a consortium of investors led by Certares. Founders Rudi Schreiner, Kristin Karst and the Murphy family will remain meaningful owners as L Catterton partners with management to support the company's continued growth, fleet and market expansion.

L Catterton Makes Growth Investment in Alliance Animal Health

January 20, 2022

Healthcare Services

Alliance Animal Health, a U.S. multi-site owner and operator of veterinary hospitals, received a significant growth investment from the Flagship Fund of L Catterton. LightBay Capital will retain a significant minority stake; terms were not disclosed. The capital is intended to support continued investments in hospitals, training, recruitment and geographic expansion.

Trivest Partners & LP First Capital Form OpenRoad and Acquire Four Collision Repair Shops

September 6, 2022

Automotive

Trivest Partners and LP First Capital announced the formation of OpenRoad, a family of collision repair center brands, alongside the acquisitions of four collision repair shops: Car Crafters (Albuquerque, NM), Drury and Moss Body Shop (Amarillo, TX), 1st Choice Collision (Houston, TX), and Helotes Collision (Helotes, TX). The platform (OpenRoad) now operates multiple locations across the Southwest and will be led by CEO Tom Csekme; founders/managers of acquired shops (including Jim and Sean Guthrie of Car Crafters) are expected to remain in leadership roles.