M&A Deal Summary

Bushnell Acquires Michaels of Oregon

On August 19, 2005, Bushnell acquired consumer products company Michaels of Oregon from Endeavour Capital, Norwest Equity Partners and NMP Capital

Acquisition Highlights
  • This is Bushnell’s 2nd transaction in the Consumer Products sector.
  • This is Bushnell’s 2nd transaction in the United States.
  • This is Bushnell’s 1st transaction in Kansas.

M&A Deal Summary
Date 2005-08-19
Target Michaels of Oregon
Sector Consumer Products
Buyer(s) Bushnell
Sellers(s) Endeavour Capital
Norwest Equity Partners
NMP Capital
Deal Type Add-on Acquisition

Target

Michaels of Oregon

Overland Park, Kansas, United States
Michaels is an manufacturer of accessories for the hunting, shooting sports and law enforcement markets.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Bushnell

Overland Park, Kansas, United States
Category Company
Founded 1984
Sector Consumer Products
DESCRIPTION

Bushnell, Inc. is a designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Bushnell offers a broad portfolio of high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast.

DEAL STATS #
Overall 2 of 7
Sector (Consumer Products) 2 of 5
Type (Add-on Acquisition) 2 of 5
State (Kansas) 1 of 2
Country (United States) 2 of 6
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-03 Tasco Worldwide

Miramar, Florida, United States

Tasco is a provider of binoculars, telescopes, rifle and pistol scopes, theater glasses and sports glasses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-27 Millett Industries

Overland Park, Kansas, United States

Millett Industries, Inc. manufactures line of pistol sights and scope mounting systems.

Buy -

Seller(S) 3

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.

DEAL STATS #
Overall 6 of 32
Sector (Consumer Products) 3 of 5
Type (Add-on Acquisition) 3 of 15
State (Kansas) 2 of 2
Country (United States) 6 of 31
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-19 Bushnell

Overland Park, Kansas, United States

Bushnell, Inc. is a designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Bushnell offers a broad portfolio of high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-21 Tidewater

Vancouver, Washington, United States

Tidewater is an operator of a multi-commodity transportation and terminal company serving the diverse and evolving transportation needs of the Pacific Northwest. Tidewater is an essential infrastructure provider with high barriers to entry due to permitting, scale requirements, and regulatory barriers. Tidewater was founded in 1932 and is based in Vancouver, Washington.

Buy -
SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1961
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 6 of 54
Sector (Consumer Products) 3 of 9
Type (Add-on Acquisition) 2 of 20
State (Kansas) 2 of 2
Country (United States) 6 of 52
Year (2005) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-19 Bushnell

Overland Park, Kansas, United States

Bushnell, Inc. is a designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Bushnell offers a broad portfolio of high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-04 Rosetta Stone

Arlington, Virginia, United States

Rosetta Stone is a provider of online language learning software. Rosetta Stone was founded in 1992 and is headquartered in Arlington, Virginia.

Buy -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 7 of 53
Sector (Consumer Products) 4 of 8
Type (Add-on Acquisition) 3 of 26
State (Kansas) 2 of 2
Country (United States) 6 of 51
Year (2005) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-19 Bushnell

Overland Park, Kansas, United States

Bushnell, Inc. is a designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Bushnell offers a broad portfolio of high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-02 National Print Group

Chattanooga, Tennessee, United States

National Print Group, Inc. (NPG) is the premier provider of in-store and out-of-home signage. With headquarters in Chattanooga, Tennessee since 1957, NPG operates state of the art manufacturing facilities and sales offices across the country. More than 400 team-based professionals are on hand to ensure customers receive expert guidance, outstanding service and unsurpassed product quality.

Sell -
Mergr

Product

Company

Legal