M&A Deal Summary

Gander Mountain Acquires Overton’s

On December 6, 2007, Gander Mountain acquired retailer Overton’s from Linsalata Capital Partners for 70M USD

Acquisition Highlights
  • This is Gander Mountain’s 1st transaction in the Retail sector.
  • This is Gander Mountain’s largest (disclosed) transaction.
  • This is Gander Mountain’s 1st transaction in the United States.
  • This is Gander Mountain’s 1st transaction in North Carolina.
Investment Fate
  • Overton’s went bankrupt in 2017.
  • Overton’s was sold to a strategic buyer in 2017.

M&A Deal Summary
Date 2007-12-06
Target Overton’s
Sector Retail
Buyer(s) Gander Mountain
Sellers(s) Linsalata Capital Partners
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Overton’s

Greenville, North Carolina, United States
Overton’s, Inc. is a direct marketer of specialty water sports and related marine accessories.

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Buyer(S) 1

Buyer

Gander Mountain

Saint Paul, Minnesota, United States
Category Company
Founded 1960
Sector Retail
Employees2,325
DESCRIPTION

Gander Mountain Co., Inc. is a retail network of outdoor specialty stores for shooting sports, hunting, fishing, camping, marine, apparel, footwear and outdoor lifestyle. Gander Mountain was formed in 1960 and is based in Saint Paul, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Overton’s

Greenville, North Carolina, United States

Overton’s, Inc. is a direct marketer of specialty water sports and related marine accessories.

Sell -

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.

DEAL STATS #
Overall 18 of 41
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 11 of 21
State (North Carolina) 1 of 2
Country (United States) 18 of 41
Year (2007) 3 of 3
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-15 Transpac Imports

Vacaville, California, United States

Transpac Imports, Inc. is a designer, importer, and distributor of giftware, seasonal decorations, and home and garden products. Transpac Imports was founded in 1995 and is based in Vacaville, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-16 ASB

Grovetown, Georgia, United States

ASB is a designer, manufacturer, and distributor of athletic-oriented apparel, team uniforms, sportswear and related accessories. ASB was founded in 1977 and is based in Grovetown, Georgia.

Sell -
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