M&A Deal Summary

Vista Outdoor Acquires Fox Racing Shox

On July 6, 2022, Vista Outdoor acquired automotive company Fox Racing Shox from Altamont Capital Partners

Acquisition Highlights
  • This is Vista Outdoor’s 1st transaction in the Automotive sector.
  • This is Vista Outdoor’s 8th transaction in the United States.
  • This is Vista Outdoor’s 4th transaction in California.

M&A Deal Summary

Date 2022-07-06
Target Fox Racing Shox
Sector Automotive
Buyer(s) Vista Outdoor
Sellers(s) Altamont Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Baird (Financial)
Ropes & Gray (Legal)

Target

Fox Racing Shox

Braselton, California, United States
Fox Racing Shox is a designer, manufacturer and marketer of high end suspension products for mountain bikes, all terrain vehicles, snowmobiles and other off-road vehicles. Fox Racing Shox was founded in 1974 and is based in Braselton, California.

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Buyer(S) 1

Buyer

Vista Outdoor

Anoka, Minnesota, United States

Category Company
Founded 2014
Sector Consumer Products
Employees6,400
Revenue 2.7B USD (2024)
DESCRIPTION

Vista Outdoor is a global designer, manufacturer and marketer of outdoor sports goods. Vista Outdoor was founded in 2014 and is based in Anoka, Minnesota.


DEAL STATS #
Overall 8 of 9
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (California) 4 of 4
Country (United States) 8 of 9
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Stone Glacier

Bozeman, Montana, United States

Stone Glacier is a brand focused on ultralightweight, performance hunting gear designed for backcountry use. The Company designs and manufactures the lightest, most durable gear coveted by discerning backcountry adventurers. Stone Glacier was founded in 2012 and is based in Bozeman, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Simms Fishing Products

Bozeman, Montana, United States

Simms Fishing Products offers a comprehensive line of high-performance fishing apparel, footwear, and gear. Its premium fishing waders are produced domestically at Simms’ manufacturing facility in Bozeman. The company’s products, used by over 6,000 Simms-sponsored fishing professionals globally, are distributed through specialty retail stores both domestically and internationally. Simms Fishing Products was founded in 1980 and is based in Montana.

Buy $193M

Seller(S) 1

SELLER

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.


DEAL STATS #
Overall 13 of 17
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (California) 2 of 2
Country (United States) 12 of 16
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Service Minds

Bradenton, Florida, United States

Service Minds is a provider of electrical, plumbing, and HVAC services. Service Minds currently operates over 20 locations across Florida and Alabama, currently servicing brands in the Authority Brands system. Service Minds was founded in 2014 and is based in Bradenton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-02 Horizon Investments

Charlotte, North Carolina, United States

Horizon Investments is a provider of modern goals-based investment management. With a focus in goals-based investment strategies, Horizon helps financial advisors and their clients improve the investment experience relative to real world, prioritized financial goals. Horizon's investment process balances quantitative expertise with a qualitative perspective, including economic, fundamental, and macroeconomic analysis. Horizon Investments was founded in 1995 and is based in Charlotte, North Carolina.

Buy -