Vista Outdoor sells Revelyst, The Kinetic Group for combined $3.35 billion

U.S. firm Vista Outdoor announced on Friday the sale of its Revelyst and The Kinetic Group businesses, in a combined deal worth $3.35 billion.

In a move to separate its outdoor and ammunition branches, the Minnesota-based firm has sold Revelyst, ​ which includes Foresight Sports, Bushnell Golf, Fox, Bell, CamelBak, Giro, and Simms Fishing, to investment firm Strategic Value Partners (SVP) and its affiliates, in an all-cash transaction based on an enterprise value of $1.125 billion.

SVP will take the company private in the deal that would close in January 2025.

In a separate deal, ​Vista Outdoor has also amended its merger agreement with Czechoslovak Group (CSG) to acquire The Kinetic Group, increasing the purchase price for the Kinetic Group, Vista’s ammunition group. It’s the sixth amendment to the deal, increasing the base purchase price from $2.15 billion to $2.225 billion.

The Revelyst deal is contingent on The Kinetic Group sale, said the company.

“The board has worked tirelessly to deliver maximum value to its stockholders, and we are pleased to have reached this agreement with SVP and CSG which helps us achieve that objective,” said Michael Callahan, chairman of the Vista Outdoor board of directors.

“The board engaged in a thorough process to identify the best avenues to unlock value – and through these two separate, but contingent, transactions with SVP and CSG, we have identified a path that reflects the true strength and potential of both Revelyst and The Kinetic Group.”

After consolidating a real estate footprint in the last year, Revelyst operates three platforms: Revelyst Adventure Sports in Irvine, California; Revelyst Outdoor Performance in Bozeman, Montana.; and Revelyst Precision Sports Technology in San Diego.

The consolidation was part of the company’s ongoing Gear Up transformation initiative.