Divestiture of Savage Brand
Baird served as the exclusive financial advisor to Vista Outdoor Inc. on this transaction
AboutVista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) has completed the divestiture of the legal entity operating its Savage Arms and Stevens firearms brands (“Savage” or the “Company”) to a financial buyer for a total purchase price of $170 million, comprised of $158 million paid at closing and $12 million to be paid upon maturity of a five-year seller note issued by the buyer to Vista Outdoor in connection with the transaction.
Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. Vista Outdoor has a portfolio of well-recognized brands that provides consumers with a wide range of performance-driven, high-quality and innovative products for individual outdoor recreational pursuits. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. Vista Outdoor is headquartered in Anoka, Minnesota.
Savage is one of the world's largest manufacturers of hunting rifles and shotguns. Delivering innovative products for more than 100 years, Savage has built a reputation for continuously improving firearm design while becoming the standard for accuracy and value in the industry. Savage offers a complete portfolio of long guns under the Savage, Stevens and Fox brands for hunting and competitive shooting. The Company’s products are sold through the retail, specialty distributor and international channels. Savage is headquartered in Westfield, Massachusetts.
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- July 2019
- Vista Outdoor Inc.
- Target Location
- North America