Adventure Holdings Australia (AHA) have acquired Australian distributor of outdoor and industrial brands Companion Brands for an undisclosed amount.
AHA will acquire 100 per cent of the Melbourne based Companion Brands, with the major investor behind the acquisition being private equity firm Odyssey Private Equity.
The deal will certainly boost the portfolio of both Odyssey and AHA, with Companion being a key distributor in the Australian market, distributing products to over 3400 outlets across leisure, hardware, auto and outdoor categories.
Vanessa Garrard (pictured), the CEO of AHA, says the acquisition greatly complements AHA’s existing portfolio.
“Companion Brands provides an array of complimentary product categories for our portfolio including camping fridges, gas hot water systems and 4×4 equipment,” says Garrard.
“I’m excited to work with Companion’s team to see the product range and brands reach new markets through our distribution network including US and UK.” Read more
David Simmons – Business News Australia – 3 June 2018