Scent-Lok Technologies, a division of ALS Enterprises, has received a strategic investment from Patrick Hylant Jr., a family office investor. Livingstone acted as the exclusive financial advisor to Scent-Lok. Terms of the deal were not disclosed.
Livingstone, an international mid-market M&A and debt advisory firm, is pleased to announce that Scent-Lok Technologies (“Scent-Lok” or the “Company”), a division of ALS Enterprises, has received a strategic investment from Patrick Hylant Jr., a family office investor. Livingstone acted as the exclusive financial advisor to Scent-Lok. Terms of the deal were not disclosed.
Scent-Lok, one of the top brands in the hunting apparel category, is the world’s technological leader in the design and marketing of odor-adsorbing apparel and accessories principally for hunters and outdoor enthusiasts. The Company created the scent-control category for hunting clothing when it commercialized its patented, activated-carbon technology in 1992.
Greg Sesselmann, the inventor of Scent-Lok’s activated-carbon technology, will continue as President of the Company and Patrick Hylant Jr. will join the management team as Executive Vice President. “With this partnership, we can aggressively pursue the types of engineering, marketing and sales support for our business that will help Scent-Lok attain new levels of success,” said Mr. Hylant
“Livingstone facilitated a competitive marketing process which provided a variety of strategic alternatives, enabling Scent-Lok to secure the ideal long-term, value-added investor,” commented Mr. Sesselmann. “We are thrilled to welcome Patrick to the Scent-Lok team.”
Livingstone Vice President Ryan Buckley added, “Scent-Lok is a market leader and true pioneer in the hunting products channel. This investment will enable Scent-Lok to capitalize on its patented technology, brand equity, premium products, and retail presence to realize its full potential in hunting and other markets.”
Scent-Lok is another transaction in a growing list of deals with family office and private investor counterparties, which are often able to deliver creative financing alternatives for Livingstone’s clients. Other recent Livingstone transactions involving this investor class include Genuine Scooter Company and American SportWorks, both of which occurred in the recreational products sector.