M&A Deal Summary

Kohlberg & Company Acquires Elevate Outdoor Collective

On May 26, 2017, private equity firm Kohlberg & Company acquired consumer products company Elevate Outdoor Collective from Newell Brands for 240M USD

Acquisition Highlights
  • This is Kohlberg & Company’s 6th transaction in the Consumer Products sector.
  • This is Kohlberg & Company’s 4th largest (disclosed) transaction.
  • This is Kohlberg & Company’s 54th transaction in the United States.
  • This is Kohlberg & Company’s 1st transaction in Washington.

M&A Deal Summary

Date 2017-05-26
Target Elevate Outdoor Collective
Sector Consumer Products
Buyer(s) Kohlberg & Company
Sellers(s) Newell Brands
Deal Type Divestiture
Deal Value 240M USD

Target

Elevate Outdoor Collective

Bellevue, Washington, United States
Elevate Outdoor Collective is a designer, developer, manufacturer and marketer of outdoor winter sporting goods. It serves devoted skiing and snowboarding enthusiasts worldwide through brands such as K2, Vlkl, Marker and Dalbello. Elevate Outdoor Collective is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 55 of 81
Sector: Consumer Products M&A 6 of 6
Type: Divestiture M&A Deals 9 of 10
State: Washington M&A 1 of 1
Country: United States M&A 54 of 80
Year: 2017 M&A 2 of 5
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-14 Katy Industries

St. Louis, Missouri, United States

Katy Industries, Inc. is a designer, manufacturer and distributor of sanitary maintenance supplies, professional cleaning products and consumer products primarily used by building service contractors, restaurants, hotels, healthcare facilities and schools. Katy Industries, Inc. was founded in 1967 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CIBT

Washington, District of Columbia, United States

CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in Washington, Washington DC.

Buy -

Seller(S) 1

SELLER

Newell Brands

Atlanta, Georgia, United States

Category Company
Founded 1903
Sector Consumer Products
Employees23,700
Revenue 7.6B USD (2024)
DESCRIPTION
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.

Newell Brands is a marketer of consumer and commercial products. Newell Brands was founded in 1903 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 16 of 21
Sector: Consumer Products M&A 6 of 9
Type: Divestiture M&A Deals 15 of 20
State: Washington M&A 1 of 1
Country: United States M&A 15 of 20
Year: 2017 M&A 3 of 3
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Newell Brands - Fire Starter & Fire Log Business

Atlanta, Georgia, United States

Newell Brands, Inc. - Fire Starter & Fire Log Business comprises Pine Mountain fire starters and fire logs business as well as its Diamond matches, fire starters, lighters, toothpicks, clothespins and clotheslines business.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Chesapeake Bay Candle

Rockville, Maryland, United States

Chesapeake Bay Candle is a developer, manufacturer and marketer of premium candles and other home fragrance products, focused on consumer wellness and natural fragrance. Chesapeake Bay Candle was established in 1994 and is based in Rockville, Maryland.

Buy $75M