Winnipeg, MB (October 9, 2015) — Coghlan’s Ltd. is proud to announce that it has completed the acquisition of McNett® Corporation, a leading provider of outdoor gear and accessories to recreation and defense industries throughout North America and world-wide. McNett Corporation, with its 45 employees, will remain headquartered in Bellingham, Washington USA under the management team led by CEO Travis Huisman. McNett’s European offices will remain unchanged and operating from Walsrode, Germany under the existing management team led by Managing Director Roy Whitehead.
“Duane and Nancy McNett and the McNett team have built a great company over the past 35 years, very much the same way as Coghlan’s has done, one item at a time,” said Rob Coghlan, president of Coghlan’s Ltd. “We look forward to working with the McNett team on introducing new and expanded offerings to each market the company touches with its family of brands.”
D.A. Davidson & Co. served as financial advisor and Davis Wright Tremaine LLP served as legal advisor to McNett in this transaction.