Outward Hound, based in Centennial, Colorado, announces that funds affiliated with H.I.G. Capital have assumed majority ownership of the company. The company says the acquisition is intended to support its next phase of growth by adding resources to accelerate product innovation and development. Outward Hound also states that the additional backing will help strengthen its relationships and alliances with retailers. The company further highlights that the arrangement will expand opportunities within its product category, positioning it to pursue further growth initiatives. The announcement is dated July 9, 2026, and is presented as a business update describing the ownership change and its stated strategic objectives. Across the sources provided, the focus remains on H.I.G. Capital becoming the majority owner and the company’s plan to use added resources to drive innovation, improve retail partnerships, and broaden category opportunities. No additional deal terms, such as purchase price or percentage acquired beyond “majority,” are included in the provided text.