Taxa Outdoors acquired by private equity firm L Catterton

Texas-based manufacturer of adventure trailer RVs, Taxa Outdoors, has announced that it has been acquired by the growth fund of consumer-focused private equity firm L Catterton. RX3 Growth Partners, a growth equity firm backed by a network of professional athlete and celebrity investors, is investing alongside L Catterton.

Originally founded in 2014 by NASA architect Garrett Finney, Taxa is an expert in high-performance, multi-functional camping machines designed to connect people with the outdoors – this new investment will help the brand continue to grow by broadening its distribution and expanding its product range.

Garrett said: “I founded Taxa eight years ago to break down the barriers between people and nature, creating innovative and rugged camping machines to enhance outdoor experiences.

“By leveraging L Catterton’s significant consumer and operational expertise – including a strong track record of supporting experiential outdoor brands – we will be well-positioned to continue driving exceptional growth and serving our remarkable community of customers. We are excited to partner with L Catterton to expand our reach and launch new types of habitats and products to further our mission of inspiring more people to journey into nature.”

Matt Nugent, a partner at L Catterton, added: “In Taxa, we saw a unique opportunity to invest in a differentiated premium outdoor brand with unmatched authenticity and credibility and a strong ethos dedicated to helping people explore and enjoy the outdoors.

“The company is led by true visionaries, Garrett Finney and Divya Brown, who along with their team have created an entirely new category in camping and are recognized as innovators in the industry. We look forward to partnering with them to propel Taxa’s next phase of growth. With our support, we believe the company will be able to further capitalize on the increasing popularity of outdoor living and experiences and bring more of the company’s remarkable products to an even broader audience.”

L Catterton has a good track record with similar acquisitions, having previously invested in West Marine, Getaway, Airxcel, Truck Hero, Heartland RV, Leslie’s and Pinarello.

Photo © Taxa Outdoors.