Outward Hound Announces H.I.G. Capital as New Majority Owner to Support Next Chapter of Growth

Outward Hound, a prominent player in the pet products sector, has announced that funds affiliated with H.I.G. Capital have acquired majority ownership of the company in a deal valued at an undisclosed amount. The transaction, which was made public on July 9, 2026, is expected to provide Outward Hound with enhanced resources to accelerate product innovation, strengthen retail partnerships, and explore expanded category opportunities within the pet care market.

Founded in Centennial, Colorado, Outward Hound is known for its innovative range of products designed for dogs and cats, including toys, feeders, and treats. The company boasts a diverse portfolio of brands, such as Best Friends by Sheri and Nina Ottosson, which cater to various segments of the pet care industry. The acquisition by H.I.G. Capital is poised to bolster Outward Hound's operational capabilities, allowing it to invest more heavily in product development and marketing initiatives that resonate with pet owners and retail partners alike.

H.I.G. Capital, a global alternative investment firm with approximately $75 billion in assets under management, specializes in providing capital to middle-market companies. With a history of investing in over 400 companies since its inception in 1993, H.I.G. is well-positioned to support Outward Hound's growth strategy. The firm's operationally focused approach is expected to facilitate the expansion of Outward Hound's product offerings and enhance its market presence.

The strategic rationale behind this acquisition lies in the growing demand for innovative pet products as pet ownership continues to rise globally. The pet care market has seen significant growth, driven by trends such as premiumization and increased spending on pet wellness. By leveraging H.I.G. Capital's resources and expertise, Outward Hound aims to capitalize on these trends and further establish itself as a leader in the competitive pet products landscape.

Looking ahead, the partnership between Outward Hound and H.I.G. Capital is likely to have broader implications for the pet care sector. As companies seek to differentiate themselves in a crowded market, the ability to innovate and expand product lines will be crucial. This acquisition underscores the importance of strategic investments in fostering growth and adaptability in an evolving industry, positioning Outward Hound for sustained success in the years to come.