Backyard Leisure Holdings, LLC has been acquired by Aterian Investment Partners, LLC

Baird Capital Partners has sold Backyard Leisure Holdings, LLC (Backyard Discovery), a leading supplier of residential backyard products and related “final mile” installation services, to Aterian Investment Partners, a New York-based private equity firm. Financial details have not been disclosed.

Backyard Discovery manufactures and markets residential outdoor wooden swing sets and play sets. The company offers backyard discovery play sets, backyard odyssey play sets, play sets with assembly, playhouses and furniture, decorative ponds, patio products, and swing set accessories. Its products also include outdoor play sets with slides, monkey bars and rock walls.

Aterian Investment Partners is a private equity investment firm specializing in buyouts, bridge financing, distressed situations, carve-outs, underperformers, financial restructuring, add on investments, industry consolidation, spin-offs, and corporate merger investments. The firm typically invests in small to middle market and turnaround stages. It primarily invests in consumer products, food and beverage, retail, restaurants, health care services, manufacturing, distribution, metals and mining, industrials, chemicals, and commodities.

Baird Capital Partners is a private equity and venture capital firm specializing in management buyout, leveraged recapitalization, growth equity, industry consolidation, late venture, and acquisition transactions of lower middle market companies. The firm typically makes investments in sectors such as healthcare, technology and services, business services, and products sectors.

One of Oaklins' teams in the USA advised the seller and coordinated a highly competitive process to maximize value for Backyard Discovery's shareholders, which included Baird Capital and senior management.