M&A Deal Summary

Compass Diversified Acquires Velocity Outdoor

On June 1, 2017, private equity firm Compass Diversified acquired consumer products company Velocity Outdoor

Acquisition Highlights
  • This is Compass Diversified’s 4th transaction in the Consumer Products sector.
  • This is Compass Diversified’s 18th transaction in the United States.
  • This is Compass Diversified’s 2nd transaction in New York.

M&A Deal Summary
Date 2017-06-01
Target Velocity Outdoor
Sector Consumer Products
Buyer(s) Compass Diversified
Deal Type Buyout (LBO, MBO, MBI)

Target

Velocity Outdoor

Bloomfield, New York, United States
Velocity Outdoor is a designer, manufacturer, and marketer of airguns, archery products, optics and related accessories. Velocity Outdoor serves over 425 customers worldwide, including mass merchants, sporting goods retailers, online channels, and distributors serving smaller specialty stores and international markets. The company’s diversified product portfolio includes widely known enthusiast brands including Crosman, Ravin, Benjamin and CenterPoint. Velocity Outdoor was established in 1923 and is based in Bloomfield, New York.

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Buyer(S) 1

Buyer

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.

DEAL STATS #
Overall 19 of 25
Sector (Consumer Products) 4 of 8
Type (Buyout (LBO, MBO, MBI)) 9 of 11
State (New York) 2 of 4
Country (United States) 18 of 24
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Tridien Medical

Coral Springs, Florida, United States

Tridien Medical, Inc. is a manufacturer of medical therapeutic support surfaces and patient positioning devices that serve the acute care, long-term care, and home health care markets. These products are designed to prevent and treat pressure wounds experienced by patients with limited to no mobility. Tridien Medical was established in 2006 and is based in Coral Springs, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 Crosman

Bloomfield, New York, United States

Crosman Corp. is a manufacturer of airguns and accessories. Crosman offers a complete line of airguns, paintball guns, slingshots, targets, and other accessories under the brand names of Crosman, Benjamin, Sheridan, and Copperhead. Crosman was established in 1923 and is based in Bloomfield, New York.

Buy $152M
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