Palladin Consumer Retail Partners LLC has acquired KT Health LLC, which makes sports medicine products, for an undisclosed amount.
KT Health, headquartered in Lindon, Utah, produces kinesiology tape and related sports medicine products that are used by athletes to prevent injury, reduce pain and promote recovery. The company’s main product is called KT Tape.
Boston-based Palladin is a private equity firm that focuses on retail and consumer brands. In October, the firm’s portfolio company InMotion Entertainment Group LLC bought the InMotion Entertainment, Soundbalance and Headphone Hub retail businesses.
KeyBank provided debt financing for the deal. Latham & Watkins LLP provided legal advice, to Palladin. Piper Jaffray was KT Health’s financial adviser, while Durham Jones & Pinegar PC acted as legal counsel.