The company designs, manufactures and markets coolers and other outdoor products sold by more than 110,000 retailer storefronts worldwide. The company maintains the #1 market share in coolers domestically in the U.S., with continuing growth in international markets.
In March 2014, Cerberus Business Finance agented a $265 million Senior Secured Credit Facility, proceeds of which, in addition to an investment from a private equity sponsor, were used to finance the acquisition of the company and provide the company with ongoing working capital. In December 2014, Cerberus Business Finance agented an up-size of the Senior Secured Credit Facility to $305 million, proceeds of which were used to finance an acquisition.
