BOSTON — Private equity firm Palladin Consumer Retail Partners on Thursday announced the acquisition of KT Health, a producer of kinesiology tape and related sports medicine products in the retail market. KT Tape, the company’s flagship product, is used by professional and recreational athletes to prevent injury, reduce pain, promote recovery and maximize comfort.
“We are excited to join forces with the Palladin team, who have tremendous experience in growing consumer brands," stated John Mackay, KT Health CEO. "Their support, expertise and involvement will be instrumental in capitalizing on the significant growth opportunities ahead. We also look forward to working with our great retail partners and loyal customers, as we expand the reach of KT Tape and introduce other related products to benefit athletes worldwide.”
KT Tape is sold in 22,000 retail doors in the United States in sporting goods, food, drug and mass retail channels, as well as through clinicians, online retailers and the company’s own e-commerce site, KTTape.com, the company stated.
KT Health, based in Lindon, Utah, was formed in 2008 with the intent of empowering everyday athletes to prevent injury, recover faster and play harder. The company will continue to be led by its founders, Mackay, Jim Jenson and Ryan Dewey. The founders and other shareholders will partner with Palladin by reinvesting a significant portion of their equity. Palladin’s support will enable KT Health to expand its market presence, product range and opportunities in the sports medicine category.
Terms of the transaction were not disclosed.