Middletown, R.I., (July 28, 2017) – Wild Things LLC, a leading manufacturer of technical outerwear for the U.S. Military, law enforcement and consumer markets, today announced that its acquisition by an affiliate of Mission Ready Services (MRSI), signed on March 8th 2017, has been cancelled due to MRSI’s failure to pay the purchase price in accordance with the terms of the promissory note executed at closing. Per the terms of the agreement, Wild Things’ prior investors will receive a break-up fee from MRSI and will continue to operate the business independently from MRSI.

“This is a very disappointing outcome for all of the parties involved in this deal,” said Ed Schmults, President of Wild Things. “However, Wild Things will be fine back on our own. No customers, suppliers or employees will be impacted by this. Our bookings are up significantly so far this year and we are looking forward to continued growth and success.”

The two companies kept the Wild Things business separate pending full satisfaction of the promissory note so the operational impact to Wild Things is negligible. The two companies worked well together and intend to explore ways to work together in the future.

Tags: Mission Ready, Wild Things

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