PROVIDENCE, R.I. (BRAIN) — Revelyst, the former Vista Outdoor business unit that includes its bicycle-related brands, has been sold to Strategic Value Partners, LLC and its affiliates in an all-cash transaction based on an enterprise value of $1.125 billion.
Revelyst stockholders will receive $20.12 in cash for each share of Revelyst common stock they hold. With the conclusion of the acquisition, Revelyst common stock has ceased trading on the New York Stock Exchange.
"We are pleased to complete the transaction with SVP, which provides us with expanded resources to accelerate our GEAR Up transformation, advance our innovation efforts and grow our iconic brands," said Revelyst CEO Eric Nyman. "We look forward to working with SVP and continue delivering top-tier products to customers while further building our market-leading position in the outdoor recreation industry."
"We are excited to partner with Eric and the rest of the Revelyst team to drive growth across the company's diverse, category-defining brands and capture the immense opportunities ahead," said David Geenberg, Head of North American Corporate Investments at SVP. "We are strong believers in the strength of the Revelyst portfolio, along with the significant work underway to enhance the company's platform and operations and drive innovation for customers. We will apply our operating resources and network to help unlock the full potential of Revelyst and propel it to new heights."
Revelyst brands include Foresight Sports, Bushnell Golf, Fox Racing, Bell, Giro, CamelBak, Quietkat, Blackburn, Bushnell, Simms Fishing and more.
The sales agreement was announced in October and was contingent in part on the sale of Vista Outdoor's other major business unit, The Kinetic Group, which was completed in late November.
