Sale to Velocity Outdoor Inc.

Consumer
Sale to Velocity Outdoor Inc.

Summary

Baird served as the exclusive financial advisor to Ravin Crossbows on this transaction

About

Ravin Crossbows (“Ravin” or the “Company”) was recently acquired by Velocity Outdoor Inc. (“Velocity”), a subsidiary of Compass Diversified Holdings (“Compass”) (NYSE: CODI). Terms of the transaction have been disclosed.

Ravin is a leading designer, manufacturer and innovator of crossbows and accessories. Ravin primarily focuses on the higher-end segment of the crossbow market and has developed significant intellectual property related to the advancement of crossbow technology, quickly establishing a reputation as a manufacturer of the industry’s most dependable, durable, accurate and technologically-advanced line of crossbows. The Company sells its products through a diverse mix of channels, including archery and firearm dealers, distributors and outdoor and sporting goods retailers. Ravin is headquartered in Superior, Wisconsin.

Velocity features a diverse product lineup in the outdoor sporting goods industry with legendary brands including Crosman and Benjamin Airguns, Ravin Crossbows, CenterPoint Archery and Optics, LaserMax Laser Aiming Devices, and GameFace Airsoft. Velocity is headquartered in Bloomfield, New York.

Compass owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market. Compass maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long term cash flow generation and value. Compass provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. Compass is headquartered in Westport, Connecticut with an additional office in Irvine, California.
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Consumer
Sale to Velocity Outdoor Inc.
Date
September 2018
Company
Ravin Crossbows
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

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