EvoCaps are a 6-panel sports cap developed by J-BREM which feature a patented brim and side pockets designed to lock sunglasses or reading glasses in place.
Additionally, J-BREM offers a 15% discount on all orders to all Military, Law Enforcement, and First Responders. To qualify for this discount, send proof of service via email to info@jbrem.com, and they will provide you with a discount code.
OC Tactical’s Kickass Grocery Bag (KGB) is made from 1000D Cordura with a layer of vinyl coated polyester at the bottom and taped seams. It is approximately 15″ x 15& x 7.5″ with 1.5″ wide handles that are long enough for use as a shoulder bag.
Available in MultiCam, Woodland and AOR 2 as well as Kryptek Highlander, Mandrake and Typhon.
stores.octactical.com/kickass-grocery-bag-kgb
Just in case you thought your camouflage was bad, there’s always this.
h/t to Bad Camo
This time, we find the KCRF patch at the grand opening of MD-Textil, a belt factory located in Southern Germany. SPARTANAT wrote up coverage of the belt produced by the company.
Keep ’em coming!
The Mykel Hawke Arrowhead Set is composed of five unique hunting tool accessories inspired by the cultures Mykel Hawke encountered during his service with the Armed Forces. The tools are made of black oxide coated stainless steel, featuring hollow ground edges for sustained sharpness, and can be used for numerous hunting techniques including spear hunting, trapping, and fishing. Additionally, the set comes with a small storage pouch.
tacticalintent.com/mykel-hawke-arrowhead-set
BCM KeyMod Rail Panels are ultra-slim surfaces with aggressive non-slip and non-reflective texturing. Ventilated for cooling, each panel is radiused to create a continuous “tube” surface when run on an octagonal profile handguard such as the BCM KMR.
Made in the U.S.A. of a high-strength polymer material, BCM KeyMod Rail Panels are designed to fit ALL KeyMod mounting surfaces with seven (7) consecutive KeyMod slots. However, the panels can also be cut to any length, as needed by an end user. Finally, the panels are bi-directional with locking tabs on either end.
Each Kit contains five (5) matching color KeyMod Panels, and are available in Black, Flat Dark Earth, Wolf Grey and Foliage Green.
The A5 Rig Jacket Light is a new product in the Beyond Clothing line, a lightweight alternative to the standard Rig Jacket. Designed for active use in warmer weather, the Rig Jacket Light is composed of Tweave Durastretch with DWR, which makes it breathable yet water and wind resistant.
Features
The A5 Rig Jacket Light is available in Coyote and MultiCam, sizes SM – 2XL.
www.beyondclothing.com/a5-rig-light-jacket
Vista Outdoors has agreed to acquire the CamelBak brand from Compass Diversified Holdings for $412.5 million. The full release can be read below:
CLEARFIELD, Utah, July 27, 2015 /PRNewswire/ — Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer in the growing outdoor sports and recreation markets, announced it has entered into a definitive agreement to acquire CamelBak Products, LLC. CamelBak is the leading provider of personal hydration solutions for outdoor, recreation and military use. The company’s products include hydration packs, reusable bottles and individual purification and filtration systems.
The CamelBak acquisition will strengthen and expand Vista Outdoor’s presence in outdoor sports and recreation, with products that complement every outdoor activity where Vista Outdoor’s products are used. The acquisition will provide Vista Outdoor with another highly recognized and well-respected brand that is a preferred partner to leading retailers. The transaction is subject to regulatory approvals and customary closing conditions. Vista Outdoor anticipates closing the transaction within the next month.
“The acquisition of CamelBak greatly advances Vista Outdoor’s strategy to grow and strengthen our leading position in the outdoor recreation industry,” said Mark DeYoung, Vista Outdoor Chairman and Chief Executive Officer. “CamelBak fortifies our presence in the mainstream individual outdoor recreation market, creating an opportunity to increase the scale, reach and growth of several current offerings through an expanded global sourcing capability and a broadened retail distribution network. With limited overlap between our key customers, this acquisition creates significant cross-selling opportunities, increased channel presence and access into expanded domestic and international markets. As a market leader and preferred partner, Vista Outdoor can leverage the technical expertise of CamelBak to deliver innovative solutions and quality product offerings that will create value for our shareholders and customers.”
Under the terms of the transaction, Vista Outdoor will purchase CamelBak for $412.5 million, subject to a customary working capital adjustment, utilizing cash on hand and borrowings under its existing credit facilities. Management expects calendar year 2015 net sales for CamelBak of approximately $160 million. The purchase price includes an approximate net present value of $35 million in future tax benefits associated with the deductibility of intangibles from a prior acquisition of CamelBak. The purchase price, net of the previously mentioned tax asset, represents a resulting effective multiple of approximately 11x CamelBak’s expected calendar year 2015 EBITDA. Vista Outdoor intends to refinance the expected borrowings under its credit facilities with long-term debt financing. Pending such financing, Vista Outdoor has received a commitment to provide $50 million of secured debt financing from Morgan Stanley, which the company does not at this time intend to draw upon, but which provides additional flexibility pending completion of long-term financing. Absent transaction and transition costs, Vista Outdoor expects the acquisition to be accretive to Fiscal Year 2016 (FY16) earnings per share (EPS). Vista Outdoor will provide information relating to CamelBak’s impact on FY16 financial results as part of its first quarter earnings press release and webcast on August 13, 2015.
“CamelBak is enthusiastic about the opportunity to join the Vista Outdoor family of brands,” said Sally McCoy, CamelBak CEO. “Their successful platform will accelerate CamelBak’s growth as a global brand. Vista Outdoor supports our mission to continue to reinvent the way people hydrate and perform through innovative hydration products.”
Founded in 1989 and headquartered in Petaluma, California, CamelBak is the category creator for hands-free hydration and meets the needs of diverse consumers with a comprehensive product portfolio. CamelBak has an expansive network of marquee customers ranging from REI to Target. CamelBak has approximately 300 employees and will be integrated into the Outdoor Products segment of Vista Outdoor, increasing the scale of the business and reinforcing a culture focused on delivering high-quality, technologically advanced products.
CamelBak is a subsidiary company of Compass Diversified Holdings (NYSE: CODI), an owner of leading middle market businesses headquartered in Connecticut.
Morgan Stanley serves as transaction and financial advisor and Cravath, Swaine & Moore LLP serves as legal advisor to Vista Outdoor in connection with the transaction.
