SIG SAUER - Never Settle

Helen of Troy Agrees To Acquire Osprey Packs

November 30th, 2021

Helen of Troy Limited announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, Inc.

Founded in 1974, Osprey is among the largest maker of technical and everyday packs in the U.S. Its product lineup includes backpacks and daypacks for hiking, mountaineering, skiing, climbing, mountain biking, trail running, commuting, school, and adventure travel packs, wheeled luggage, and travel accessories. Helen of Troy said it believes the acquisition is an “important next step as it advances its strategic goal of acquiring and investing in businesses that can accelerate profitable growth in categories where it can add value and leverage its scalable shared services and operating platform.”

Helen of Troy also owns Hydro Flask in the outdoor space. Its other brands include OXO, Vicks, Braun, Honeywell, PUR, Hot Tools, and Drybar.

The total purchase consideration is expected to be approximately $414 million in cash, including an estimated $6 million favorable customary closing net working capital adjustment. The net purchase price implies a pre-synergy multiple of less than 13.5x estimated calendar year 2022 adjusted EBITDA, which compares favorably to Helen of Troy’s current EV/TTM adjusted EBITDA multiple of approximately 17.5x. It expects Osprey’s calendar year 2021 net sales revenue to be $155 million to $160 million.

The acquisition is expected to be accretive to Helen of Troy’s consolidated sales growth rate, gross profit margin, adjusted EBITDA margin, adjusted diluted EPS, adjusted diluted EPS growth rate, and cash flow from operations. As a result of the acquisition, it expects to end fiscal 2022 with a post-acquisition pro forma debt/adjusted EBITDA ratio approximately one-half to one full turn higher than its ratio as of August 31, 2021. As a result, the company believes it can “deploy capital to generate shareholder return.”

Julien R. Mininberg, Helen of Troy’s CEO, said, “We are delighted to welcome Osprey and its employees to the Helen of Troy family. For nearly half a century, Osprey’s premium products have delivered superior consumer-centric designs, innovative features and construction, outstanding materials and quality, and sustainability that resonate strongly with outdoor enthusiasts around the world. This acquisition adds an iconic ninth Leadership Brand that complements our world-class portfolio and adds critical mass to our value-creation flywheel. Combining the capabilities, authenticity, and credibility of this proven, highly respected outdoor pioneer with our global footprint and scalable global shared services creates opportunities for new efficiency and growth. Along with Hydro Flask, we can now serve and delight an even larger number of passionate end-users in the large and growing outdoor adventure category. We believe we are better together.”

Mininberg continued: “Approximately half of Osprey sales are outside the U.S., further accelerating our strategy to invest in international. We believe Osprey and Hydro Flask make a compelling combination in the U.S. and provide further critical mass internationally with thousands of additional retail doors that can benefit both brands and consumers. Osprey also further diversifies our international brand portfolio, and its focus on EMEA and the Asia Pacific matches our focus in those regions. On the design and operations side, Osprey’s design center and sourcing footprint in Vietnam offers an established platform to advance our product capabilities in soft goods and accelerates work already underway at Helen of Troy to further diversify our supply chain beyond China and Mexico.”

He added, “One of the many features that make Osprey special is its commitment to offer high-quality, low-impact products by utilizing sustainable design and manufacturing practices. Osprey incorporates low-impact chemicals and materials and recycled or recyclable packaging. It sources 100 percent renewable electricity and purchases carbon offsets for natural gas and company-owned vehicles used at its facilities in Colorado and Utah. This commitment extends to enhancing the well-being of their employees and communities through efficient building design at their Cortez, Colorado headquarters and contributing to environmental conservation. This business philosophy and practice is very much aligned with Helen of Troy’s ever-growing ESG ambitions.”

Mike Pfotenhauer, the founder of Osprey, said, “I want to extend my appreciation and reiterate my respect to all of my current and former Osprey colleagues and their families for their commitment not only to our company but to each other and their communities. Their dedication has built Osprey into a brand and family that millions of end-users trust and care about deeply. Osprey was founded 47 years ago with the dream of creating the perfect pack. We first began custom-making packs for mountaineers and adventure travelers headed to points unknown. Demand grew and grew and so did our expertise in design, manufacturing, and on-time delivery. Osprey’s top-quality, high-performance, innovative gear is a reflection of the brand’s love of adventure and devotion to the outdoors. Today’s announcement is a natural next step as we look to build Osprey further. I know it will be in good hands with Helen of Troy, with its proven stewardship of outstanding brands and global scale. Its culture and values are highly consistent with Osprey. We expect the combination of Osprey and Helen of Troy to create significant opportunities for our employees, vendors, and retail partners to experience the next phase of growth and meet even more of the needs of travelers everywhere on whatever trail they are on.”

The transaction is expected to close before calendar year-end 2021, subject to customary closing conditions, including regulatory approval.

Giving Tuesday – Coastal Authority Care Foundation

November 30th, 2021

This Giving Tuesday, ADS Inc shares Coastal Authority Care Foundation with us as one of their Corporate Giving Partners.

Supporting U.S. veterans, Coastal Authority Care Foundation is a nonprofit that works to restore quality of life to veterans with service-connected injuries by providing grants to help with cutting-edge medical treatment costs at local Hampton Roads facilities. ADS was a proud sponsor of the Foundation’s biggest fundraiser of the year, The Band Aid Music Festival.

To give to CACF, visit cacarefoundation.org.

SSD’s Top Christmas Gift Picks from 5.11 – Day 8

November 30th, 2021

What’s with the Day 8? I told you it was going to be a week long series, but I had to include one of 5.11’s most classic items, the Performance Short Sleeve Polo. It’s an industry standard, worn by a myriad of companies and agencies, both with and without logos embroidered on the chest.

Made from snag and wrinkle resistant 100% polyester, it incorporates a pen pocket on the left sleeve as well as mic slots at each shoulder and chest. Most of us use the chest one for sunglasses.

I’ve got to admit, I’ve worn the long sleeve version quite a bit over the years as well. Both are comfortable and hard wearing.

There are loads of other gift ideas at 5.11 Tactical’s Merry Missions site.

KGM Technologies Wins Their Largest Non-Military Contract from DOJ

November 30th, 2021

KGM Technologies is a service-disabled veteran owned business, based out of Peachtree Corners, GA. KGM’s 42,000sqft state-of-the-art manufacturing facility focuses on cutting-edge technology innovation, research, development, and fabrication. KGM has become the largest weapon suppressor company in the US.

KGM Technologies, Norcross, Georgia, is being awarded a $3,900,000.00 single Fixed Price, Indefinite Delivery – Indefinite Quantity (IDIQ) type contract for the production of sound suppressors. This contract provides for .308 small arms suppressors that will be used on the BPR (Bureau Pattern Rifle .308). Work will be performed in Norcross, Georgia. The single contract will have a 12 (twelve) month base period and four (4) potential one-year option periods. The United States Department of Justice, Quantico, Virginia, is contracting the activity.

The R30T is compatible with .223 Rem – 300 PRC/300NM and is optimized for 308 Win – 300 PRC/300NM Precision optimized with a complete titanium construction, the R30T includes a taper mounted muzzle device for mounting; this puts the overall length at 7.3” and weight at 13oz. Users can expect an average recoil reduction of 40%.

Available now for agency and commercial sales. The MSRP is $1199.

For more information please contact: govsales@kgm-tech.com

770.769.1495

Or visit our website at www.kgm-tech.com

SOC-F x TD Giving Tuesday

November 30th, 2021

Tactical Distributors is going to give our proceeds to SOC-F this Tuesday 12:01 am- midnight from our website sales. We are excited to be giving back to a great organization like SOC-F.

www.tacticaldistributors.com

SOC-F was created in 2013 for one purpose: to make a positive and meaningful difference in the lives of SOF families who have given so much for our country and our freedom. We do this by raising money for one incredibly worthwhile purpose: to provide medical, financial, and other support to SOF members and their families in ways that are often not met through other sources–what we call the “gaps.”  

Air Force Hosts Coalition VIRTUAL FLAG, Premier Coalition Virtual Air Combat Exercise

November 30th, 2021

The 705th Combat Training Squadron, home of Air Combat Command’s Distributed Mission Operations Center, recently hosted one of the DoD’s largest coalition and joint virtual air combat exercises across eight time zones at Kirtland Air Force Base, New Mexico, Oct. 24 through Nov. 5.

Coalition VIRTUAL FLAG exercises led by the United States Air Force focus on major combat operations in a realistic theater against a near-peer threat in a dynamic training environment. CVFs are designed to build and maintain joint and coalition partnerships between the United States, United Kingdom, Australia, and Canada by focusing on planning, executing, and debriefing a multitude of mission sets in air, space, surface, and cyber domains.

All units operate within a simultaneously live, virtual, and constructive environment which allows warfighters to prepare to wage war, and then practice doing so in a synthetic environment so that they can learn how to be combat effective.

CVF 22-1 trained over 344 participants, 200 joint and 144 coalition warfighters, and accomplished over 6,461 joint training events for 67 units using seven networks and 23 different systems connected at 29 sites across the world.

For the first time ever, the DMOC integrated cyber effects and planning into CVF 22-1’s training scenarios requiring the defense against cyber maneuvers by opposing forces. Groups were broken into blue cyber teams, made up of a British cyber protection team, augmented by Canadian intelligence members, fusing cyber intelligence into the larger operational picture, and red cyber teams, composed of an opposing force of U.S., Canadian, and United Kingdom members executing as a team of enemy cyber operators attempting to disrupt operations.

While the cyber teams were physically located at Kirtland AFB, New Mexico, they were working in a virtual “range” of computers in the United Kingdom which took a lot of bandwidth to run all the cyber intrusion tools required. The team was able to sort through those problems over the first few days and accomplish valuable cyber training objectives.

The DMOC is building out a complete cyber cell at Kirtland and will continue to refine and include cyber desired learning objectives seamlessly into their simulation environment to integrate with all of the other domains.

“The 705th CTS has built its Distributed Mission Operations capabilities up over decades and integrating a domain like cyber is a challenge the squadron is excited to face,” said U.S. Space Force Capt. Oliver Peery, cyberspace operations flight commander, Kirtland AFB, New Mexico.

Cyber operator’s roles will continue to grow in future exercises and keep progressing towards true joint all-domain command and control, or JADC2.

“I believe the 705th Combat Training Squadron has something very unique to provide to the cyber warfighter, integrating cyber into a realistic war exercise and forcing not only traditional operators to be more aware of cyber effects on a battlefield environment, but for cyber to see how they can truly support and directly integrate their offensive and defensive capabilities into the operational environment,” said Peery.

The DMOC develops realistic and relevant training environments and scenarios for participants while allowing individual units to add elements so they may complete required training objectives or certifications during CVF.

The U.S. Army used CVF 22-1 to certify three air defense artillery fire control officers; ADAFCOs are the USA’s air defense representative at C2 nodes.

CVF 22-1 presented participants with a contemporary multi-domain threat where exercise participants had to think through complicated problem sets.

“22 Wing provided personnel with the opportunity to exercise within a state-of-the-art command and control training centre, working alongside other members of the Royal Canadian Air Force, the Canadian Army, the United States Air Force, and the United States Marine Corps who made up the Control and Reporting Centre,” said Royal Canadian Air Force Maj. Shaun Hyland, exercise and event management coordinator, Royal Canadian Air Force Aerospace Warfare Centre.

The DMOC’s exercise scenarios allow participating warfighters to discover the friction points in their plans and allow the crews to work through them, whether that is in mission planning or real-time during the vulnerability period.

“Exercise Coalition VIRTUAL FLAG is the world’s premier distributed synthetic training environment where colleagues from many nations are able to practise large-scale operational warfare,” said Royal Air Force Squadron Leader Graham Orme. “Joint planning and execution allow the participants to learn through shared expertise across multiple domains from combat air to space and cyber.”

Orme continued, “The dedicated simulator staff enable bespoke tailored scenarios that push the operators, test their skills, and allow for the development of new techniques and procedures.  As such, the exercise is a prized element of any force’s annual training programme.”

DMOC-Space, Schriever Space Force Base, Colorado, sent exercise data in real-time to Kirtland during CVF. The transfer of data allowed the DMOC to forego issuing a notional event which further strengthened the C2 of joint and coalition forces during the virtual, large-force exercise.

In addition to missile-warning data, the 392nd CTS, Schriever SFB, Colorado, also provided global positional system data to the DMOC to use their GPS environment generator for the first time in CVF. This allowed pilots using DMOC flight simulators to deploy precision weapons in a simulated GPS-degraded environment.

“CVF provides a unique opportunity to integrate the space domain into the tactical environment using the virtual construct of the DMOC to determine best practices, and ultimately learn how to maximize combat effectiveness,” said USSF Tina Bragdon, 705th CTS space subject matter expert and planner.

Space capabilities bring more to the fight than ever, but we have to ensure we leverage them to our nation’s full advantage.  Relevancy on the battlefield is not derived by independence, but by interdependence and the successful fusion of capabilities.

“This exercise is the culmination of 18 months of training for our QSIC [Qualified Space Instructors Course] students,” said Royal Air Force Squadron Leaders Laura Ridley-Siddall, Air and Space Warfare School officer commanding space training.  “This year, for the first time, we have used the wholly simulated environment as the final evaluation for our students on the QSI Course in the position of Space Duty Officer.”

When planning VIRTUAL FLAG exercises, the DMOC’s objective is to incorporate new capabilities continually providing an environment in which the warfighter may train with the forces they could expect to coordinate with during major combat operations.

“It is particularly poignant when executing our coalition events because there are many assets with which U.S. operators have never had the opportunity to work with until CVF,” said USAF Lt. Col. Michael Butler, 705th CTS director of operations.  “While the DMOC has traditionally included space and cyber domains in our exercises, in CVF 22-1 we focused on integrating coalition space and cyber capabilities to great success.”

Butler continued, “We built a strong foundation in CVF 22-1 and learned many lessons that will allow us to make our scenarios more robust and realistic for future exercises.”

CVF 22-1 provided the unique opportunity for joint forces from the USAF, USSF, USA, U.S. Marine Corps, U.S. Navy, and four partner nations’ forces to train in a complex and integrated live-virtual-constructive training exercise.

“Modern warfare is far more complex and dynamic than ever, and victory demands the highest proficiency in planning and executing operational objectives smarter, faster, and more precisely than your adversary,” said U.S. Space Force Walt Marvin, 392nd CTS exercise planner.  “We must fight together effectively in a joint environment, and most likely as a coalition of nations.”

The 705th CTS reports to the 505th Combat Training Group, Nellis AFB, Nevada, and the 505th Command and Control Wing, headquartered at Hurlburt Field, Florida. 

 “Coalition and joint partners interested in participating in future VF or CVF exercises should contact dmoc.css@us.af.mil to connect with the DMOC,” said USAF Lt. Col. Lindsay Post, 705th CTS commander, Kirtland AFB, New Mexico.

By by Deb Henley, 505th CCW, Air Combat Command

CobraSleepers Pre-Order from The Brown Buffalo

November 29th, 2021

The Brown Buffalo has opened pre-orders for their CobraSleepers which are slippers made from X50 Multicam Tropic or Black with non-slip outsole bottom.

Shipping in a couple weeks.

Made in their workshop located in Costa Mesa, CA.

www.thebrownbuffalo.com

HLC Industries – Your Source for Cordura Fabrics

November 29th, 2021

When we say CORDURA® is durable, we mean it. That’s why militaries around the world trust CORDURA® Advanced Fabrics to perform on every mission. For additional information, contact:  sales@hlcindustries.com – for samples + marketing materials