Clarus to sell Precision Sport segment for $175M cash; expects close in Q1 2024

Clarus Corp

Agreement to sell Sierra Bullets and Barnes Bullets to Bullseye Acquisitions, an affiliate of JDH Capital Co.
Purchase price $175M in cash at closing, subject to customary working capital adjustment.
Transaction expected to close in Q1 2024, subject to HSR and other customary conditions.
Proceeds will be used to pay down debt and for general corporate purposes.
Special Committee of independent directors unanimously approved after receiving multiple offers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clarus Corp entered into Purchase Agreement with Bullseye Acquisitions, LLC valued at $175 million (effective 2023-12-29).

Action: entry
Agreement: asset purchase
Counterparty: Bullseye Acquisitions, LLC
Value: $175 million
Effective: 2023-12-29

Exact text from the filing

On December 29, 2023, Clarus Corporation (the “Company”) and Everest/Sapphire Acquisition, LLC (the “Seller”), a wholly owned subsidiary of the Company, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Bullseye Acquisitions, LLC (the “Buyer”), an affiliate of JDH Capital Company, pursuant to which the Company and Seller agreed to sell all of the equity associated with the Company’s Precision Sport segment, which is comprised of the Company’s subsidiaries Sierra Bullets, L.L.C. (“Sierra”) and Barnes Bullets – Mona, LLC (“Barnes”) to the Buyer.

View on SEC.gov

Browse all material agreements →

Clarus Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-000845

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.