Revelyst: A New Chapter with Strategic Value Partners

Revelyst, a segment of Vista Outdoor Inc. (NYSE: VSTO), has entered into an agreement with Strategic Value Partners (SVP) for SVP-managed funds to acquire Revelyst in an all-cash transaction valued at $1.125 billion. The deal is expected to close by January 2025, subject to the completion of the $2.225 billion CSG Transaction and regulatory approvals.

Revelyst is a collective of world-class maker brands in outdoor gear and precision technologies, including Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak, Bushnell, and Simms Fishing. The company operates three platforms: Revelyst Adventure Sports, Revelyst Outdoor Performance, and Revelyst Precision Sports Technology.

The acquisition aims to capitalize on increasing demand for outdoor activities and gear, leveraging Revelyst's market presence to drive long-term growth and profitability. SVP plans to support Revelyst with its full operating resources and network to accelerate the company's success.

SVP's acquisition of Revelyst will provide the outdoor gear and technology company with significant investment and expanded resources. This strategic partnership is expected to allow Revelyst to unlock new opportunities and propel margin expansion across its integrated international house of brands.

David Geenberg, Head of North American Corporate Investments at SVP, stated, "We look forward to working with Eric Nyman and the rest of the team leading this world-class outdoor gear and technology business. For almost a year, we closely followed Revelyst's progress with this complex transaction. During that time, Revelyst has gained share through a difficult period for consumer spending thanks to the strength of its leadership, its employees and efforts like GEAR UP. With this investment, we plan to put SVP’s full operating resources and network behind Revelyst to help accelerate the success of this market leader."

Eric Nyman, CEO of Revelyst, expressed excitement about the partnership with SVP, stating, "We are excited to partner with SVP and believe this acquisition is a positive step for Revelyst’s future. As I reflect on the last year, I am incredibly appreciative of our management team, our employees and our maker community for getting us here. We couldn’t have done this without everyone’s contribution. I believe the best is yet to come for Revelyst and for our customers, suppliers and retail partners. This partnership with SVP is going to make us a stronger company and afford us more opportunities to innovate and deliver top-tier products to outdoor enthusiasts while enhancing our market leadership in the outdoor recreation industry."

The acquisition by SVP will position Revelyst to continue to capitalize on the increasing demand for outdoor activities and gear by leveraging Revelyst's strong market presence and ability to drive long-term growth and profitability. The strategic partnership is expected to allow Revelyst to unlock new opportunities and propel margin expansion across its integrated international house of brands.