The Loadout Room
Menu
  • Shooting
        • Pistol
        • Pistol Accessories
        • Rifle
        • Rifle Accessories
        • Shotgun
        • Machine Guns
        • Air Guns
        • Ammunition
        • Optics and Sights
        • Weapon Lights
        • Tips & How-To
        • Concealed Carry
        • Holsters
        • Suppressors
        • Precision Rifle Shooting
        • Firearms Training
        • 1A Gun to Ride the River With: The Smith & Wesson 686
        • The Tristar folding shotgun is ready for your wilderness adventuresThe Tristar folding shotgun is ready for your wilderness adventures
        • maxim defense cqb stock (8)The Maxim Defense CQB Stock: Short and Sweet
        • Perfecting your zero | A little help goes a LONG wayPerfecting your zero | A little help goes a LONG way
    • Close
  • Gear Reviews
      • Mission Gear
      • Camping Gear
      • Survival Gear
      • Medical Gear
      • Adventure & Travel
      • Knives & Tools
      • Overland
      • Disaster Preparedness
      • Footwear
      • Womens Gear & Clothing
        • RIP-MVehicle Preparedness: Fast access to essential items | Grey Man Tactical RIP-M
        • Midland radioOverland Essential | Midland Radio MXT275 | GXT1000
        • ppGrab your gear and go | Here’s everything you’d need to build an adventure go bag
        • Scrubba Washbag: Keep your clothes clean in the fieldScrubba Washbag: Keep your clothes clean in the field
    • Close
  • Men’s Lifestyle
      • Fitness
      • EDC
      • Eyewear
      • Watches
      • Electronics & Technology
      • Downtime
      • Mens Clothing & Accessories
      • Manly Skills
      • Style & Grooming
      • Gentleman Drinks
      • Crate Club
        • The Outdoor Edge ParaClaw: A concealed stingerThe Outdoor Edge ParaClaw: A concealed stinger
        • How to determine how long you have before the sun setsHow to determine how long you have before the sun sets
        • fireWilderness survival expert breaks down how to build a fire
        • 5.11 Tactical Expedition Long Sleeve Shirt5.11 Tactical Expedition Long Sleeve Shirt, SWAT Tested and Approved
    • Close
  • News
  • Video Demo
  • Shop

Thule Group purchases Tepui Outdoors Inc.

December 29, 2018 by Erik Meisner Leave a Comment

Thule Group acquires leading North American Roof Top Tent company

Thule Group is pleased to announce the acquisition of Tepui Outdoors Inc., a leader in Roof Top Tents in North America. This acquisition will furtherenhance the Thule Group’s expanding portfolio of products focused on an active lifestyle.

“Roof Top Tents offer consumers a great way to utilize their existing cars for self-reliant overnight travel to remote destinations, where the journey is the principal goal. The overlanding category has been growing steadily over the last few years and we are very pleased to add this great assortment of high-quality Roof Top Tents and accessories to our broad portfolio of products that cater to consumers who enjoy living an active life. The synergies between the Thule brand’s market leading expertise for transport solutions on the car and Tepui Roof Top Tents exist in both consumer marketing and in the supply chain. When combined with the mutual philosophies on high quality, smart engineering and great design, as well as a shared passion for the outdoors, Tepui is a natural fit to our portfolio”, said Magnus Welander, CEO andPresident of the Thule Group.

Tepui Outdoors Inc. was founded in 2010 by Evan and Gabriela Currid. The company is based out of Santa Cruz, California, and led by Evan Currid, who will continue to manage the product category within Thule Group.

The total purchase price for Tepui Outdoors Inc. was USD 9.5 million, on a debt-free/cash-free basis, with a potential maximum earn-out payment of USD 1.75 million, which is based on revenue performance during the period 2019-2020.

Tepui Outdoors Inc. has approximately 20 employees and net sales for 2018 is expected to be approximately USD 6.5 million.

The acquisition is not expected to have a material impact on Thule Group’s total sales and profits and the Roof Top Tent category will be consolidated into the Sport & Cargo Carrier product category in reporting going forward.

This is big news in the Rooftop Tent world. I’ve been using Tepui products for a few years and couldn’t be happier. Tepuis intuitive designs and robust products have them atop this rapidly growing segment. Quite often however, when I try to place an order, I find that several items are out of stock. I’m hopeful that Thule of Sweden can assist not only distribution but the supply chain as well. I’ve met Evan Currid at Outdoor Retailer and I’m happy to hear that Thule is retaining him at the helm. I only see this acquisition as a good thing for both Tepui and Thule. And look forward to what these two companies come up with in the coming years.

Share This

Filed Under: News Tagged With: overland tent, rooftop tent, tepui, Thule, thule purchases tepui

About the Author

Avatar

Erik Meisner served in Attack Company, 2nd Battalion 75th Ranger Regiment as a rifle team leader with deployments to the Middle East, Central America and Asia. He's a licensed pilot, SCUBA diver and enjoys Alpine skiing, shooting, Overland camping, boating, sea kayaking, traveling and golf. Growing up in a military family, Erik had the pleasure to live and ski all over North America and Europe. Now residing in beautiful Northern Michigan with his wife and 2 sons they continue to enjoy the outdoors as much as possible.

See All Erik Meisner Articles

More From The Loadout Room

Comments

What’s Hot

Top 8 upgrades every Kel-Tec Sub 2000 owner needs: MCARBO parts review
Featured

Top 8 upgrades every Kel-Tec Sub 2000 owner needs: MCARBO parts review

Ammunition

The Reasons Why FBI Went to Back to 9mm

AR Build Kits under $300
Firearms Technology

Peak AR: Davidson Defense AR Build Kits under $300

Firearms

Covert Operations Case - Keep Your SMG Discreet

SEAL CQBR
Rifle

The M4A1 and CQBR/Mk 18 5.56x45mm

Email Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

In Case You Missed It

Firearms

Covert Operations Case – Keep Your SMG Discreet

February 26, 2021 Leave a Comment

Gear Reviews

KA-BAR LDK – Slash, Stab, and Escape

February 22, 2021 Leave a Comment

Firearms

The Flash 5 From Tactaload – Best Shotgun Stock

February 12, 2021 Leave a Comment

Firearms

The Romeo5XDR – Budget Blasting Red Dot

February 1, 2021 Leave a Comment

Get it on Google Play

© Copyright 2021 Crate Club Group · All Rights Reserved.

  • Privacy Policy
  • Terms of Use
  • Advertisers