M&A Deal Summary

American Outdoor Brands Acquires Battenfeld Technologies

On November 26, 2014, American Outdoor Brands acquired defense company Battenfeld Technologies from Clearview Capital and PNC Mezzanine Capital for 131M USD

Acquisition Highlights
  • This is American Outdoor Brands’ 1st transaction in the Defense sector.
  • This is American Outdoor Brands’ largest (disclosed) transaction.
  • This is American Outdoor Brands’ 4th transaction in the United States.
  • This is American Outdoor Brands’ 1st transaction in Missouri.

M&A Deal Summary

Date 2014-11-26
Target Battenfeld Technologies
Sector Defense
Buyer(s) American Outdoor Brands
Sellers(s) Clearview Capital
PNC Mezzanine Capital
Deal Type Add-on Acquisition
Deal Value 131M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Loeb & Loeb (Legal)

Target

Battenfeld Technologies

Columbia, Missouri, United States
website
Battenfeld Technologies, Inc. is a designer, developer and supplier of branded shooting and hunting accessories to the outdoor sporting goods industry.

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Buyer(S) 1

Buyer

American Outdoor Brands

Columbia, Missouri, United States

website


Category Company
Founded 2020
Sector Defense
Employees315
Revenue 248M USD (2022)
DESCRIPTION

American Outdoor Brands is a firearm manufacturer and designer, delivering a broad portfolio of firearms, related products, and training to the global military, law enforcement, and consumer markets. American Outdoor Brands was founded in 2020 and is based in Columbia, Missouri.


DEAL STATS #
Overall 4 of 7
Sector (Defense) 1 of 3
Type (Add-on Acquisition) 4 of 7
State (Missouri) 1 of 1
Country (United States) 4 of 7
Year (2014) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 Tri Town Precision Plastics

Deep River, Connecticut, United States

Tri Town Precision Plastics, Inc. is a provider of custom injection molding and contract manufacturing services to medical, general industrial, aerospace, communications, automotive, and defense industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Crimson Trace

Wilsonville, Oregon, United States

Crimson Trace Corp. is a designer and manufacturer of laser sights for firearms, and also offers grip-integrated laser sights for guns.

Buy $95M

Seller(S) 2

SELLER
DESCRIPTION

Clearview Capital LLC is a private equity firm that targets investments in North American companies with operating profits between $4 and $20 million. Sectors of interest include general manufacturing, plastics, food processing, furniture, education, healthcare, outsourcing, distribution, oil field services, consumer products, and industrial. The Firm prefers majority investment situations in transaction types that include corporate divestitures, management buyouts, and ownership transfers of closely-held companies. Clearview Capital was formed in 1999 and has offices in Connecticut, California.


DEAL STATS #
Overall 11 of 22
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Missouri) 1 of 1
Country (United States) 11 of 22
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Elevation Labs

Idaho Falls, Idaho, United States

Elevation Labs is a formulator and manufacturer of innovative skincare and color cosmetic products for prestige beauty brands. Elevation Labs is a rapidly growing manufacturer of high-quality personal care products with unique capabilities in the formulation of natural and organic products. Elevation Labs was founded in 1995 and is based in Idaho Falls, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 Xact Data Discovery

Mission, Kansas, United States

Xact Data Discovery is a provider of eDiscovery, data management, and managed review services for law firms and corporations. XDD helps clients optimize their eDiscovery matters by orchestrating pristine communication between people, processes, technology, and data. The company services include forensics, eDiscovery processing, Relativity hosting, and managed review. XDD has 16 offices throughout the United States and two locations in India. It offers exceptional customer service with a commitment to responsive, transparent, and timely communication to ensure clients remain informed throughout the entire discovery life cycle. Xact Data Discovery was founded in 1994 and is based in Mission, Kansas.

Buy -
SELLER

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 22 of 48
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 6 of 14
State (Missouri) 1 of 2
Country (United States) 21 of 46
Year (2014) 5 of 6
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Vision-Ease Lens

Ramsey, Minnesota, United States

Vision-Ease Lens, Inc. (Vision Ease) is a developer, manufacturer and marketer of ophthalmic lenses. It offers photochromic, light-responsive, polarized, and progressive line-free lenses; and lenses in polycarbonate, plastic, and glass materials.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Distribution International

Houston, Texas, United States

Distribution International (DI) is a distributor of thermal and acoustical insulation and related supplies for maintenance and repair operations in the United States. DI serves power generation facilities, petrochemical and industrial refinery plants, governmental and institutional buildings, military and commercial vessels and offshore rigs as well as other facilities and industries. Distribution International was founded in 1986 and is based in Houston, Texas.

Sell -