Implus Corp is taking on a new partner.
New York investment firm Trilantic Capital Partners said Tuesday it would be acquiring the Durham, N.C.-based footcare company — maker of the Sof Sole, Sof Comfort, Airplus and Apara-brand insoles and Yaktrax traction devices, among others —for an undisclosed amount.
“Trilantic is a partner who will help us expand across business lines and in new markets, both in the U.S. and overseas, where we see tremendous opportunity,” Seth Richards, CEO of Implus, said in a statement.
“Implus has a strong competitive position with a proven track record of growth through innovation, customer expansion and strategic acquisition. Our partnership with Implus builds on our existing portfolio of consumer companies and highlights our commitment to supporting talented entrepreneurs to grow their businesses,” said Charlie Moore, a partner at Trilantic Capital Partners.
Implus was advised on the deal by R.W. Baird.