M&A Deal Summary

ATK Acquires Bushnell

On September 5, 2013, ATK acquired consumer products company Bushnell from MidOcean Partners for 985M USD

Acquisition Highlights
  • This is ATK’s 1st transaction in the Consumer Products sector.
  • This is ATK’s 3rd largest (disclosed) transaction.
  • This is ATK’s 9th transaction in the United States.
  • This is ATK’s 1st transaction in Kansas.

M&A Deal Summary
Date 2013-09-05
Target Bushnell
Sector Consumer Products
Buyer(s) ATK
Sellers(s) MidOcean Partners
Deal Type Add-on Acquisition
Deal Value 985M USD
Advisor(s) Morgan Stanley
Robert W. Baird & Co., Inc. (Financial)
Kirkland & Ellis (Legal)

Target

Bushnell

Overland Park, Kansas, United States
website
Bushnell, Inc. is a designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Bushnell offers a broad portfolio of high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast.

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Buyer(S) 1

Buyer

ATK

Arlington, Virginia, United States

website

Category Company
Founded 1990
Sector Defense
Employees16,000
Revenue 4.8B USD (2014)
DESCRIPTION

ATK is a developer and producer of aerospace, defense, and commercial products. The Company was formed in 1990 as a spin-off from Honeywell.

DEAL STATS #
Overall 9 of 9
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Kansas) 1 of 1
Country (United States) 9 of 9
Year (2013) 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-24 Caliber

Anoka, Minnesota, United States

Caliber Co. is a manufacturer of hunting rifles and shotguns.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Vista Outdoor

Anoka, Minnesota, United States

Vista Outdoor is a global designer, manufacturer and marketer of outdoor sports goods. Vista Outdoor was founded in 2014 and is based in Anoka, Minnesota.

Sell -

Seller(S) 1

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 15 of 34
Sector (Consumer Products) 4 of 9
Type (Add-on Acquisition) 7 of 18
State (Kansas) 1 of 1
Country (United States) 11 of 29
Year (2013) 1 of 1
Size (of disclosed) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-09 Water Pik

Fort Collins, Colorado, United States

Water Pik, Inc. is a marketer and supplier of branded consumer and professional oral health products, replacement showerheads and sinus health products. Water Pik was founded in 1962 and is based in Fort Collins, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Stratus

Maynard, Massachusetts, United States

Stratus is a developer, manufacturer, and marketer of highly specialized 'fault tolerant' servers 'mission critical' computing applications. Stratus’ flexible solutions – software, platform and services – prevent downtime before it occurs and ensure uninterrupted performance of essential business operations. Stratus was founded in 1980 and is based in Maynard, Massachusetts.

Sell $352M
Mergr

Product

Company

Legal