Clearview Capital announced today the acquisition, in partnership with management, of Battenfeld Technologies, a supplier of shooting and hunting accessories. “We are extremely excited about the future growth of Battenfeld. We have always been committed to designing high quality, innovative products and look forward to continuing that legacy as a part of the Clearview Capital family,” said Jim Gianladis, Battenfeld’s Vice President of Products & Marketing.
Battenfeld Technologies is a designer, developer and supplier of branded shooting and hunting accessories to the outdoor sporting goods industry. Brand names include Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Lockdown Vault Accessories, and Past Recoil Protection. The company is headquartered in Columbia, MO (www.battenfeldtechnologies.com).
The acquisition of Battenfeld marks Clearview’s fourth platform acquisition in the last 12 months. “The last year has been a busy time for us and we’re very excited to add Battenfeld to our portfolio,” said Calvin Neider, Managing Partner of Clearview. “Battenfeld’s management team has done a terrific job developing the company’s reputation for cutting-edge product innovation, and we are looking forward to partnering with the team to guide the company through the next stage of its growth.”
In addition to capitalizing on Battenfeld’s rapid organic growth rate, Clearview intends to seek add-on acquisitions to take advantage of the company’s sophisticated infrastructure and ability to provide high quality service to a demanding base of customers.
Mesirow Financial acted as the exclusive financial advisor to Battenfeld in its sale to Clearview. “Clearview is a knowledgeable financial sponsor committed to growing the company. The Clearview team moved expeditiously throughout the process, closing the transaction 52 days from the signing of the letter of intent,” said Andrew Carolus, Managing Director of Mesirow.
Clearview Capital invests in mid-sized manufacturing and service companies that have cash flow between $4 million and $20 million (lower levels of cash flow are considered for add-on acquisitions). Clearview has in excess of $250 million under management and is currently making investments through its committed fund, Clearview Capital Fund II, LP. The firm is located in Old Greenwich, CT (www.ClearviewCap.com).