Tuesday, February 06, 2007

Backcountry.com Sells? Or is that Moosejaw? OR Rumors.

At the recent Outdoor Retailers Show (OR for the cool kids who acronym everything) some guy walked up to me at a party and said, "So, you guys sold?" Playing along, I said, "You bet, to some Texans. Everyone knows not to mess with Texas. We figured it would be a good mix". He replied, "Did you make out okay?" "Sure did, but I can't disclose the amount just yet". And so the rumor was spun.

Then I hear today that Moosejaw was bought by a private equity firm from, yep, you guessed it - Texas. Dallas to be specific. Mere circumstance? Unlikely.

Moosejaw will join the growing family of Parallel Investment Partners portfolio companies. Taking a look at the list of the folks at Parallel it appears that it's a good ol' boys club. Quite the contrast when you consider all the Moosejaw "mountain" chics that grace their website. Must be a selling thing.

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