M&A Deal Summary

Clarus Acquires Rhino Rack

On June 1, 2021, Clarus acquired automotive company Rhino Rack for 255M AUD

Acquisition Highlights
  • This is Clarus’ 1st transaction in the Automotive sector.
  • This is Clarus’ largest (disclosed) transaction.
  • This is Clarus’ 1st transaction in Australia.

M&A Deal Summary
Date 2021-06-01
Target Rhino Rack
Sector Automotive
Buyer(s) Clarus
Deal Type Add-on Acquisition
Deal Value 255M AUD
Advisor(s) Deloitte (Financial)
Ash St. Partners Pty (Legal)

Target

Rhino Rack

Eastern Creek, Australia
website
Rhino Rack is a manufacturer and distributor of highly-engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, and accessories. Rhino Rack was founded in 1992 and is based in Eastern Creek, Australia.

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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 5 of 7
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 5 of 6
Country (Australia) 1 of 3
Year (2021) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 MAXTRAX

Australia

MAXTRAX is a provider in overlanding and off-road vehicle recovery and extraction tracks. MAXTRAX was founded in 2001 and is based in Australia.

Buy -
Mergr

Product

Company

Legal