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Venture 7 Advisors Advises Turtle Fur on Acquisition by Camano Capital
- Date April 29, 2022
- Transaction type Acquisition
- Industry Consumer Goods
Venture 7 Advisors, a Burlington Vermont-based merger and acquisition advisory firm, is pleased to announce that private equity firm Camano Capital has acquired a majority stake in Turtle Fur of Morrisville, Vermont. Richard Sontag, owner of Turtle Fur, will retain partial ownership of the company. Venture 7 Advisors served as Turtle Fur’s exclusive advisor in this transaction. Turtle Fur is an iconic and beloved manufacturer and distributor of headwear and accessories in the snow sports, and lifestyle markets. The company invented the fleece neck warmer over 40 years ago, and since then has been keeping outdoor adventurers dry, warm, and comfortable. The capital infusion from Camano will allow Turtle Fur to expand its product offerings while continuing to support its commitment to innovation, sustainability, diversity, equity, and inclusion, and positive community initiatives.
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