Aspen-based Ute Mountaineer Ltd. reportedly will acquire Neptune Mountaineering in Boulder.
Neptune is “one of the most respected independent outdoor retail stores in the world,” a press release stated.
Ute Mountaineer owners Bob Wade and Maile Spung are buying the business, because the two companies overlap on products, customers, community commitment and their respective reputations.
Neptune founder Gary Neptune said, “There is a similar heritage with these two stores, and I think there couldn’t be a better choice to carry on the Neptune legacy.”
Neptune started his store in 1973 to repair climbing equipment, ice axes and skis and ski boots. He retired and sold it in 2013; the Dunbars bought it four years later.
“It went through a transformational physical change,” the release said. “Today is a captivating retail space with a reputation for a stellar product selection and an engaged, passionate staff.”
The Dunbars said the reinvigorated business means, “We did what we set out to do.”
