Family office investor backs Scent-Lok
Scent-Lok Technologies, a division of ALS Enterprises, has received a strategic investment from the family office of Patrick Hylant Jr. Livingstone‘s Consumer sector team advised the shareholders of US-based Scent-Lok. The company is one of the top brands in the hunting and camouflaged clothing and is the world’s technological leader in the design and marketing of odour-absorbing clothing and accessories principally for hunters and outdoor enthusiasts. The Company created the scent-control category for hunting clothing when it commercialised its patented, activated-carbon technology in 1992.
Greg Sesselmann, the inventor of Scent-Lok’s activated-carbon technology, will continue as President of the Company and Patrick Hylant Jr. will join the management team. “With this partnership, we can aggressively pursue the types of engineering, marketing and sales support for our business that will help Scent-Lok attain new levels of success,” said Mr. Hylant.
“Livingstone managed a competitive marketing process which provided a variety of strategic alternatives, enabling Scent-Lok to secure the ideal long-term, value-added investor,” commented Mr. Sesselmann. “We are thrilled to welcome Patrick to the Scent-Lok team.”
Vice President at Livingstone Chicago Ryan Buckley added: “Scent-Lok is a market leader and true pioneer in the hunting products sector. This investment will enable Scent-Lok to capitalise on its patented technology, brand equity, premium products and retail presence to realise its full potential in hunting and other markets.”
Following closely on from the sale of Lucas Group to Orchard Holdings, Scent-Lok is another transaction in a growing list of deals with family office and private investor counterparties, which are often able to deliver more flexible financing alternatives for Livingstone’s clients. Other recent Livingstone transactions involving backing from family office investors include Genuine Scooter Company and American SportWorks.