CrossFirst Bank provided debt financing to support House of Outdoors’ acquisitions of LYN Fishing and the DUX Waterfowl brand. House of Outdoors is a portfolio company of Rise Run Capital, a Dallas-based private equity firm.
LYN Fishing creates fishing line for a variety of angling styles, methods and environments.
“As HOO’s portfolio continues to grow, we are committed to investing in businesses and providing a platform to continue to nurture and grow young, innovative brands to ensure our customers have the best experience on the water,” Corbin Cook, co-founding partner of Rise Run Capital. “By acquiring LYN, HOO is well positioned to gain additional traction in the fishing line, lure and bait categories. We’re confident that LYN’s strategy and its founder, Sam Moore, align in a way that will undoubtedly benefit our customer and we’re confident our industry-leading management team at HOO will take LYN to the next level.”
DUX Waterfowl is a brand focused on creating waterfowl hunting apparel and accessories.
“We are very impressed with what Andrew has built with DUX, and we look forward to continuing to work with him to grow the brand. With the acquisition of DUX, HOO expands into the hunting segment and adds another impressive outdoor brand to its portfolio,” Cook said. “We’re excited to acquire DUX Waterfowl because HOO’s ownership and management team will put DUX in the best position to meet customers’ needs and realize its long-term growth potential.”
A Spencer Fane team led by Brian Memory, Chris Summers and Macy Matthews provided legal counsel for both acquisitions.
