Private equity firm TGV Partners and marketing and media firm WildComm have partnered to acquire all the assets of Horton Archery, a producer of crossbows and archery equipment. The assets include two production facilities in Tallmadge, Ohio and Changzhou, China. TGV Partners was founded in 1990 and typically invests in companies with sales below $100 million. WildComm, founded by professional hunter Gregg Ritz, specializes in marketing services for the outdoor industry.
There have been 21 other investments in outdoor products companies completed by private equity firms. Repeat investors in the industry include American Capital, Arcapita Bank and PlayCore Holdings, a platform that was acquired by Irving Place Capital in February 2007 for $200 million. Another hunting products company, Bushnell Outdoor Products, was acquired in 2007 by MidOcean Partners for $600 million. MidOcean purchased the company from Wind Point Partners, which originally invested $60 million in Bushnell in 1999. This information was provided by the PitchBook Platform.