BackyardDiscoveryA private equity firm, Aterian Investment Partners, announced today that one of its affiliates has acquired Backyard Discovery, a designer, manufacturer, distributor, and installer of play sets in North America. Founded in 1968 and headquartered in Pittsburg, Kan., Aterian designs and manufactures swing sets, playhouses, patio products, and more under brands such as Backyard Adventures and Leisure Time Products.

Aterian enjoys a network of more than 3,000 installers, and sells its products and services across North America through in-store and online retailers, including Walmart, Toys “R” Us, and

“We are excited to acquire Backyard Discovery, not only for its clear leadership position in the play set market, but also for its diverse product offerings including sheds, playhouses, and patio products,” says Michael Fieldstone, the principal at Aterian.

TM Capital advised the seller on the transaction.