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  6. Kent Outdoors Acquires BOTE

M&A Deal Summary

Kent Outdoors Acquires BOTE

On January 19, 2022, Kent Outdoors acquired retailer BOTE from Prairie Capital

Acquisition Highlights
  • This is Kent Outdoors’ 1st transaction in the Retail sector.
  • This is Kent Outdoors’ 2nd transaction in the United States.
  • This is Kent Outdoors’ 1st transaction in Florida.

M&A Deal Summary
Date 2022-01-19
Target BOTE
Sector Retail
Buyer(s) Kent Outdoors
Sellers(s) Prairie Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Godfrey & Kahn (Legal)

Target

BOTE

Miramar Beach, Florida, United States
BOTE is a watersports brand driven by a singular mission to stand apart through industry-shaping innovation, fresh ideas and simplicity to create a product that defines a lifestyle. BOTE boards and accessories are sold through independent specialty outdoor retailers and select national retail chains. BOTE was founded in 2008 and is based in Miramar Beach, Florida.

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Buyer(S) 1

Buyer

Kent Outdoors

New London, Ohio, United States
Category Company
Founded 1959
Sector Consumer Products
DESCRIPTION

Kent Outdoors is a diverse platform of action sports brands with a broad product set spanning personal flotation devices, wakeboards, water skis, towable tubes, snowboards, and more. Kent Outdoors was founded in 1959 and is based in New London, Ohio.

DEAL STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 Kona Bicycles

Ferndale, Washington, United States

Kona Bicycles provides building innovative, durable, fun, and eye-catching bikes for all kinds of cyclists. Kona Bicycles believes in the long, sweet ride, and that the journey is the best part of any adventure. Kona Bicycles was founded in 1988 and is based in Ferndale, Washington.

Buy -

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 49 of 56
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 19
State: Florida M&A 3 of 4
Country: United States M&A 48 of 55
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Conscious Discipline

Sanford, Florida, United States

Conscious Discipline provides comprehensive, trauma-informed social emotional learning (“SEL”) solutions to schools and districts. Conscious Discipline was founded in 1996 and is based in Sanford, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Fairway Lawns

Little Rock, Arizona, United States

Fairway Lawns is a provider of residential lawn treatment and pest control services. The Company currently serves over 40,000 customers from 12 lawn treatment locations and 2 pest control locations across six states (AL, AR, GA, OK, SC, TN). Fairway Lawns was formed in 1979 and is based in Little Rock, Arizona.

Sell -
Mergr

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