Expedition Capital Partners, Centerfield Capital Partners and Cardinal Equity Partners have recapitalized Wild Sports, a maker of licensed and branded tailgating, homegating and outdoor games. No financial terms were disclosed.
Chicago, IL – October 31, 2017: Wild Sports, a leading manufacturer and provider of licensed and branded tailgating, homegating and outdoor games, announced a majority recapitalization led by Expedition Capital Partners, Centerfield Capital Partners and Cardinal Equity Partners. The three groups joined to back founders Todd Hines and Gregg Browne in support of the company’s continued growth.
The company’s Wild Sports brand has achieved category leadership at big-box retailers and continues its significant expansion with leading on-line retailers as well. The Company is an exclusive licensee for the NFL, MLB and NHL products at retail and maintains a dominant share among colleges with over 500 licenses. The company’s products include well known games such as Cornhole, Tailgate Toss and Stackers, in addition to other tailgating accessories such as team branded tables and chairs. Additional product offerings for existing brands, as well as acquiring attractive, complementary product lines are a part of Wild Sports aggressive, strategic growth plans.
Founder and Co-CEO Todd Hines stated, “We are thrilled to join with Expedition, Centerfield and Cardinal as we look to continue our rapid expansion. We have many organic growth and expanded licensing opportunities for Wild Sports. We also see acquisition opportunities in the tailgating and outdoor games category where there are a number of highly profitable, synergistic targets that align well with our core competencies.”
“Wild Sports and specifically, Todd Hines and Gregg Browne, have done a tremendous job in building vital licensing and retail partnerships,” stated Michael Hendrie, Managing Director of Expedition Capital Partners. “With this leadership team now equipped with the necessary resources, we’re very excited about the future of Wild Sports.”
“Wild Sports has a strong foundation that provides the stability and launching pad for rapid growth,” stated Faraz Abbasi, Senior Partner at Centerfield Capital Partners. “Our investment will provide this exceptional management team the necessary capital they need to realize the substantial growth potential in their strategic plans.”
“The category continues to grow and remains highly profitable, and Wild Sports is the leader and will remain the leader,” stated John Ackerman, Partner at Cardinal Equity Partners “We are excited to provide Wild Sports the necessary resources to grow organically and acquire profitable opportunities to add to the portfolio.”