Nuvest Ventures acquires Lucky Tackle Box assets

Nuvest Ventures has acquired the assets of Lucky Tackle Box, a monthly subscription box in fishing. No financial terms were disclosed.

PRESS RELEASE

COLUMBUS, OHIO (PRWEB) JULY 22, 2019
Lucky Tackle Box announced today that private equity funds managed by Nuvest Ventures have acquired the assets of Lucky Tackle Box, and a new management team has assumed operations. This planned acquisition represents the company’s larger goal to improve customer service, satisfy increasing market demands, and advance the Lucky Tackle Box brand.

Lucky Tackle Box’s mission is to supply the active subculture of American fishermen with monthly subscription boxes full of bait and tackle from the country’s most trusted brands. The acquisition of Lucky Tackle Box will put the company in a better position to improve inventory management and fulfill orders for its loyal network of tens of thousands of subscribers.

Alberto Leon, Director of Strategic Procurement & Supply Chain at Lucky Tackle Box, said, “This is an exciting time of change for Lucky Tackle Box. Our brand is now backed by a motivated venture group who supports and believes in the Lucky Tackle Box mission.”

Chris Banholzer, Associate at Nuvest Ventures, added, “Our team fully supports the acquisition of Lucky Tackle Box, and we’re excited to invest in their goal to bring the best of fishing to American sportsmen and sportswomen. We look forward to a future of collaboration.”

Due to the acquisition proceedings, Lucky Tackle Box had to briefly pause service during the month of July, during which subscribers were not charged for new product. As of today, service has resumed and fishermen all over the country can expect their August box to arrive within the next 6 weeks.

Lucky Tackle Box’s digital presence will be supported by wowbrands, a full-service agency in Columbus, OH. wowbrands serves its clients with best-in-class UX design, custom web development, and forward-thinking strategies.

“It’s a new day for Lucky Tackle Box,” said Andrew Catapano, CEO of wowbrands. “We’re excited to advance this brand’s digital presence and provide an exemplary user experience to their extensive network of loyal customers.”

About Lucky Tackle Box: Lucky Tackle Box is the premier monthly subscription box in fishing. For one low monthly fee, Lucky Tackle Box will ship a box jam-packed full of the best new lures and baits every month. Shipping is free everywhere in the United States, there are no contracts to sign, and customers can easily cancel their subscriptions at any time.

About Nuvest Ventures LLC: Nuvest Ventures LLC is a venture and private equity firm that seeks to partner with dynamic entrepreneurs who are determined to transform a great idea into an exceptional business. Nuvest Ventures specializes in funding B2C e-commerce brands, and specifically invests in innovative ideas and forward-thinking people that disrupt the status quo.

About wowbrands: wowbrands is a digital strategy agency located in Columbus, OH, specializing in digital marketing strategies for both local and national clients. Focusing on the digital ecosystem as a whole, wowbrands serves its clients with best-in-class UX design, custom development, and forward-thinking channel marketing digital strategies driven by ROI.