Point6
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Point6 - overview
Established
2008
Location
Steamboat Springs, CO, US
Primary Industry
Retail
About
Point6 is a company that specializes in creating high-quality Merino wool socks and apparel, focusing on comfort and functionality for outdoor enthusiasts and everyday consumers. Founded in 2008 in Steamboat Springs, US, Point6 produces Merino wool socks and apparel. The company was acquired by Karpreilly, with financial terms undisclosed. Peter Duke serves as both the Founder and CEO, bringing his expertise to the brand's operations.
Point6 specializes in the production of high-quality Merino wool socks and apparel, offering a diverse range of products designed for both functionality and comfort. Their core offerings include various sock styles such as no-show, crew, mid-calf, and over-the-calf, catering to outdoor enthusiasts, athletes, and everyday consumers. Each product comes with a lifetime guarantee, emphasizing the brand's confidence in its durability. Point6 primarily serves the US market while also reaching international customers in Canada and Europe.
Point6 operates a direct-to-consumer sales model through its online platform, providing Merino wool socks and apparel at competitive prices with promotions like 40% off select items. Revenue is generated from direct sales, and the company collaborates with retailers and outdoor gear companies to enhance market reach. A portion of proceeds is donated to charitable organizations, integrating a philanthropic aspect into its business model. Point6 aims to expand its product line with new offerings in Merino wool apparel slated for launch in the coming year.
The company plans to enter new geographic markets, specifically targeting regions in Canada and Europe by the end of 2024. The recent acquisition by Karpreilly is expected to support these initiatives through enhanced resources and strategic insights.
Current Investors
KarpReilly
Primary Industry
Retail
Sub Industries
Recreational Product Stores, Clothing Stores
Website
www.point6.com
Verticals
E-commerce
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Point6 - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Point6 | - |
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