M&A
confidence high
sentiment positive
materiality 0.75
Cadre Holdings agrees to buy TYR Tactical for $145M plus up to $25M earn-out
Cadre Holdings, Inc.
- Total consideration $145M: $130M cash plus $15M in Cadre stock/RSUs; additional earn-out up to $25M based on 2026-28 revenue goals.
- Real estate in Peoria, AZ also to be acquired for $30M ($20M cash, $10M stock) as a condition to closing.
- Expected closing by January 5, 2026, subject to HSR clearance and other customary conditions; either party may terminate after Jan 31, 2026 (extendable to Mar 31).
- Target includes TYR Tactical, Dominus, and subsidiaries; business manufactures soft armor, plate carriers, and ballistic plates for military/law enforcement.
- Liquidated damages of $10M payable if a breaching party fails to consummate the transaction after conditions are met.