L Catterton to acquire a majority stake in West Marine from Monomoy Capital Partners.

L Catterton, a global consumer-focused private equity firm, agreed to acquire a majority stake in West Marine, an omni-channel platform in the marine aftermarket, from Monomoy Capital Partners, a private equity firm. The transaction is expected to close in May 2021, subject to customary closing conditions. Financial terms were not disclosed. "The L Catterton team brings invaluable consumer, brand building, and digital expansion expertise to help us accelerate our growth plans. In partnership, we look forward to enhancing our digital capabilities and elevating our consumer experience to not only provide the broadest product offering in the industry, but also to deliver the most comprehensive and rewarding consumer experience no matter where or how our boaters choose to engage with us. We look forward to our partnership with L Catterton," Ken Seipel, West Marine CEO.