BOGgear is a manufacturer of shooting sticks (tripods, bipods and monopods) and related accessories for use in hunting, photography and videography. The company was founded in 2006 by Kim and Robyn Hicks. BOGgear is headquartered in Fredericksburg, TX (www.boggear.com).
“The BOGgear acquisition is highly representative of the types of transactions we’re seeking for Battenfeld,” said Calvin Neider, Managing Partner of Clearview. “BOGgear was able to develop a strong brand name in a niche area of the market, and we believe that Battenfeld’s strength in developing new and innovative products will help to further accelerate BOGgear’s growth. We are excited about the Battenfeld platform and we will continue to aggressively seek out additional acquisition opportunities.”
Battenfeld Technologies, acquired by Clearview Capital through its second fund in June 2012, is a designer, developer and supplier of shooting, reloading, gunsmithing and gun cleaning supplies. Brand names include Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Lockdown Vault Accessories, Frankford Arsenal and Non-Typical Wildlife Solutions. The company is headquartered in Columbia, MO (www.battenfeldtechnologies.com).
The closing of the BOGgear transaction represents Battenfeld’s second add-on acquisition in nine months. In May 2013, Battenfeld completed its first add-on acquisition with the buy of GoldenRod Dehumidifiers (Oxnard, CA), a manufacturer of dehumidifier rods for gun vault and marine applications (www.goldenroddehumidifiers.com).
Clearview Capital invests in mid-sized manufacturing and service companies that have cash flow between $4 million and $20 million. In June 2013, Clearview Capital held a final closing of Clearview Capital Fund III, LP with $325 million of capital commitments. The fund was oversubscribed and the closing was at the fund’s hardcap. With the closing of Fund 3, Clearview now has $575 million of capital under management.
Clearview Capital was founded in 1999 by Jim Andersen and Cal Neider and is headquartered in Old Greenwich, CT with additional offices in Chicago and Los Angeles (www.ClearviewCap.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-11-14