The acquisition was made through BRS Outdoor Sports Holdings, which also owns Gamo Outdoors, a manufacturer of airguns and other outdoor accessories. Other shareholders of BRS Outdoor Sports include Frist Capital, Bixby Bridge Capital, Swift River Investments and Quilvest Private Equity.
NAP and Quikfletch are designers and manufacturers of fixed and mechanical broadheads, vanes and fletching and other archery related accessories. NAP’s products can be found at mass merchants, sporting goods retailers and dealers throughout the country. NAP and Quikfletch are headquartered in the Chicago suburb of Forest Park, IL (www.newarchery.com) (www.quikfletch.com).
“We are very excited to build on the accomplishments of the NAP team in creating a highly reputable brand of innovative products with a dedicated customer base. We look forward to strengthening the company’s focus on product development and its position in the archery market,” said Stephen Sherrill, co-founder and Managing Director of BRS.
Bruckmann, Rosser, Sherrill & Co. invests in middle market consumer goods and services businesses and has $1.4 billion of committed capital under management. Since 1996, BRS has purchased over 40 portfolio companies for aggregate consideration of more than $6.4 billion. In addition, BRS portfolio companies have completed approximately $1.9 billion of add-on acquisitions. Prior to forming the firm, the founders of BRS were at Citicorp Venture Capital where they closed 25 transactions with aggregate transaction values totaling $5.8 billion. The firm is based in New York (www.brs.com).
“We are very pleased for BRS Outdoor Sports and Gamo to be involved with the next chapter of growth for NAP,” said Andy Simo, the founder of NAP. “I am confident that the company will continue its successful track record due to their extensive experience in the outdoor sector and ability to provide valuable strategic guidance.”
VR Lakes Business Group (www.vrbizlakes.com), a business broker based in Waukesha, WI, acted as the financial advisor to NAP.
2014 PEPD • Private Equity’s Leading News Magazine • 9-4-14