M&A Deal Summary

Clarus Acquires Sierra Bullets

On August 22, 2017, Clarus acquired defense company Sierra Bullets for 79M USD

Acquisition Highlights
  • This is Clarus’ 1st transaction in the Defense sector.
  • This is Clarus’ 3rd largest (disclosed) transaction.
  • This is Clarus’ 1st transaction in the United States.
  • This is Clarus’ 1st transaction in California.

M&A Deal Summary
Date 2017-08-22
Target Sierra Bullets
Sector Defense
Buyer(s) Clarus
Deal Type Add-on Acquisition
Deal Value 79M USD

Target

Sierra Bullets

Sedalia, California, United States
website
Sierra Bullets LLC is a manufacturer of bullets intended for firearms. Sierra bullets are used for precision target shooting, hunting and defense purposes. Sierra Bullets was founded in 1947 and is based in Sedalia, California.

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Buyer(S) 1

Buyer

Clarus

Salt Lake City, Utah, United States

website

Category Company
Founded 1991
Sector Diversified
Employees950
Revenue 376M USD (2021)
DESCRIPTION

Clarus is a holding company which seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns. The Company has substantial cash balances and net operating tax loss carryforwards which it is seeking to redeploy to maximize shareholder value in a diverse array of businesses. Currently, Black Diamond Equipment, Ltd. and PIEPS GmbH are its only operating subsidiaries. Black Diamond Equipment, Ltd. is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. Clarus was founded in 1991 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 3 of 7
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (California) 1 of 2
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 POC

Stockholm, Sweden

POC is a designer and manufacturer of protective gear for action sports athletes. POC produces and distributes to 27 countries advanced-design helmets, body armor, goggles, eyewear, gloves and apparel for action or "gravity sports," like skiing, snowboarding and cycling, with a particular emphasis on safety and protection. POC was founded in 2005 and is based in Stockholm, Sweden.

Sell $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 S.K.B.

Orange, California, United States

S.K.B. Corp. is a manufacturer dedicated to travel, storage, and shipping protection needs for music, pro audio, sporting goods, and industrial applications, including government and military contract fulfillment. S.K.B. was founded in 1977 and is based in Orange, California.

Buy $85M
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