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 is an ammunition manufacturer in the U.S. commercial and law enforcement markets. 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 -
Mergr

Product

Company

Legal