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. 0 comments
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