M&A Deal Summary

Vista Outdoor Acquires Simms Fishing Products

On July 27, 2022, Vista Outdoor acquired consumer products company Simms Fishing Products from Castanea Partners for 193M USD

Acquisition Highlights
  • This is Vista Outdoor’s 7th transaction in the Consumer Products sector.
  • This is Vista Outdoor’s 4th largest (disclosed) transaction.
  • This is Vista Outdoor’s 9th transaction in the United States.
  • This is Vista Outdoor’s 2nd transaction in Montana.

M&A Deal Summary

Date 2022-07-27
Target Simms Fishing Products
Sector Consumer Products
Buyer(s) Vista Outdoor
Sellers(s) Castanea Partners
Deal Type Add-on Acquisition
Deal Value 193M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Perkins Coie (Legal)

Target

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.

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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 9 of 9
Sector (Consumer Products) 7 of 7
Type (Add-on Acquisition) 7 of 7
State (Montana) 2 of 2
Country (United States) 9 of 9
Year (2022) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Vista Outdoor - Sporting Products Business

Anoka, Minnesota, United States

Vista Outdoor's - Sporting Products Business designs and manufactures performance gear and precision technologies. The company's category-defining brands leverage meticulous craftsmanship and cross-collaboration to pursue innovations. Vista Outdoor's - Sporting Products Business is based in Anoka, Minnesota.

Sell $1.9B

Seller(S) 1

SELLER

Castanea Partners

Newton, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Castanea Partners is a private equity firm that targets investments in established, small to mid-sized companies valued up to $250 million. The Firm looks for businesses with strong management and significant competitive advantages. Sectors of interest include publishing, information services, education/training, consumer brands, specialty retail, and marketing services. Castanea prefers control investment situations and looks to commit between $15 and $150 million per transaction. Castanea Partners was formed in 2001 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 22 of 24
Sector (Consumer Products) 8 of 10
Type (Add-on Acquisition) 12 of 13
State (Montana) 1 of 1
Country (United States) 22 of 24
Year (2022) 1 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 CURiO

Minneapolis, Minnesota, United States

CURiO is a manufacturer and seller of personal care and home fragrance products. CURiO is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 MacKenzie-Childs

Aurora, New York, United States

MacKenzie-Childs is a designer, manufacturer, and multichannel merchant of handcrafted ceramics and enamel tableware, furniture, home decor, garden furniture and accessories, and personal accessories. MacKenzie-Childs was founded in 1983 and is based in Aurora, New York.

Sell -