XCelerate Capital, a venture-capital investor, has acquired North Little Rock-based Bourbon & Boots, an online merchant that sells gifts, jewelry and clothing, said Rod Ford, founder of XCelerate Capital.
Terms of the transaction were not disclosed.
Founded in 2013 by Matt Price, Bourbon & Boots sells more than 2,000 Southern-style items and has more than 250,000 customers.
The new operating team for Bourbon & Boots will be led by Dustin Williams, chief executive officer.
"XCelerate Capital is the perfect partner to bring in a highly experienced operating team and take the brand to the next level," Price said.
Little Rock-based XCelerate Capital will supply growth capital to the business as well as providing an operating team, Ford said.
Business on 05/15/2015