Exited Investment
BOTE
Prairie Capital Fund VI
| Location | Destin, FL |
| Transaction Type | Growth Buyout with Founder and Management |
| Investment Date | September 2016 |
| Exit Date | December 2021 |
| Buyer | Kent Watersports (Seawall Capital Portfolio Company) |
| Business | Producer of branded stand-up paddle boards and related outdoor lifestyle products |
| Industry | Consumer |
Investment Rationale
- Partnership with passionate and dedicated founders
- Strong brand and premium market position
- Significant room for growth within specialty dealer and mass retailer markets as well as direct to consumer
- New products and categories allow for additional penetration and growth
Value Add
- Human Capital
- Sales & Marketing
- Technology
- New Products
- Supply Chain
TEAM:
Partnering with Prairie has allowed me to pour additional gasoline to the fire and accelerate the growth of the Company. Going at it alone would have added more personal risk and challenges. Prairie’s experience in helping scale growing, dynamic companies has been a tremendous resource for Bote.