Washington, D.C. – Farragut Capital Partners, LLC is pleased to announce the closing of an investment in Insight 2 Design, LLC. and Elevate, LLC (collectively, the “Company”), together a rapidly growing, multi-channel pioneer in the outdoor camping equipment industry. The investment was made in support of the Company’s recapitalization by L2 Capital, based in Devon, Pennsylvania.
Founded by two industry veterans from The Coleman Company, Kevin Tarter and Nick Vaughn, Insight 2 Design (“I2D”) is a designer and marketer of outdoor and camping products. Products developed by the Company’s best-in-class design team generate more than $200 million of retail sales annually.
Elevate, with its Company-owned brand, Core Equipment, is an online-focused outdoor equipment outfitter that designs and produces tents, shelters, lights, outdoor furniture, and sleeping bags.
Bob Levine, Managing Partner of L2 Capital, said, “We’re very pleased to have the opportunity to help Kevin and Nick further expand their domestic and online product efforts. We’re very impressed with these entrepreneurs, their business model and rapid growth to date.”
“I2D marks our second investment alongside L2 Capital,” said Javier Aguirre, Partner of Farragut. “We appreciate their thoughtful approach and demonstrated track record in the consumer space, and are excited to join them and the I2D management team as they continue to grow the business.”
Farragut led the debt financing and provided an equity co-investment alongside L2 Capital. Salem Investment Partners and Oxer Capital were co-investors in the debt and the equity.