New Water Capital merges GSC Technologies with KL Outdoor

GSC Technologies, a Montréal-based producer of kayaks and watersports equipment that was recapitalized by U.S. private equity firm New Water Capital Partners earlier this month, has been combined with KL Outdoor. No financial terms were disclosed. Muskegon, Michigan-based KL Outdoor, which also manufactures kayaks, has been backed by New Water since December. The merger "will create the largest kayak company in the world," New Water Partner Mark Becker said. The businesses will immediately begin offering their combined product portfolios and manufacturing capacity to customers.

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