M&A Deal Summary

BDT & MSD Partners Acquires Rather Outdoors

On June 5, 2019, merchant bank BDT & MSD Partners acquired consumer products company Rather Outdoors from Peak Rock Capital

Acquisition Highlights
  • This is BDT & MSD Partners’ 1st transaction in the Consumer Products sector.
  • This is BDT & MSD Partners’ 7th transaction in the United States.
  • This is BDT & MSD Partners’ 1st transaction in Missouri.

M&A Deal Summary

Date 2019-06-05
Target Rather Outdoors
Sector Consumer Products
Buyer(s) BDT & MSD Partners
Sellers(s) Peak Rock Capital
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)
McDermott Will & Emery (Legal)

Target

Rather Outdoors

Springfield, Missouri, United States
Rather Outdoors is an outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. Rather Outdoors supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels. Rather Outdoors is based in Springfield, Missouri.

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Buyer(S) 1

Buyer

BDT & MSD Partners


Category Merchant Bank
Founded 2009
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

BDT Capital Partners provides family-owned and entrepreneurially led companies with long-term, differentiated equity capital. BDT Capital Partners is an affiliate of merchant bank BDT & Company. The Firm is based in Chicago, Illinois.


DEAL STATS #
Overall 8 of 19
Sector: Consumer Products M&A 1 of 4
Type: Secondary Buyout M&A Deals 6 of 9
State: Missouri M&A 1 of 1
Country: United States M&A 7 of 15
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 CCG

Charlotte, North Carolina, United States

CCG is a middle-market commercial equipment finance and leasing company serving niche markets. The company's primary areas of focus are the construction, transportation, and waste industries, though transactions for other types of industrial equipment will be considered. CCG's typical transaction ranges from $50,000 to $1,000,000 with terms from 24 to 72 months. CCG specializes in both purchase-money and refinances transactions to customers throughout the United States. CCG was founded in 2004 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Clarience Technologies

Southfield, Michigan, United States

Clarience Technologies is a producer of forward and safety lighting, wiring harnesses, turn signal switches and safety accessories for the medium- and heavy-duty truck, trailer and commercial vehicle industries. The company also designs and manufactures Road Ready® telematics systems for heavy- and light-duty trailers and off-road industrial usage; fuel filtration and water separation systems; and rugged LED lighting for the off-road and marine industries. Clarience Technologies was founded in 1955 and is based in Southfield, Michigan.

Sell -

Seller(S) 1

SELLER

Peak Rock Capital

Austin, Texas, United States

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.


DEAL STATS #
Overall 7 of 23
Sector: Consumer Products M&A 1 of 3
Type: Secondary Buyout M&A Deals 2 of 9
State: Missouri M&A 1 of 2
Country: United States M&A 5 of 21
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-19 Turkey Hill

Conestoga, Pennsylvania, United States

Turkey Hill is a manufacturer and distributor of branded ice cream and refrigerated drinks for the retail, foodservice, and alternative channels. The Company has a diverse customer base, including blue chip grocers, distributors, wholesalers, and convenience stores. Turkey Hill was founded in 1931 and is based in Conestoga, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Hunter s Specialities

Cedar Rapids, Iowa, United States

Hunter's Specialties is a manufacturer of hunting accessories and has been producing quality products.

Sell -