HomeMergers & AcquisitionsVista Outdoor Acquires Grill Company Camp Chef

Vista Outdoor Acquires Grill Company Camp Chef

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Vista Outdoor Inc. (NYSE: VSTO) announced it has acquired privately owned Camp Chef. The brand offers various products including camp stoves, barbecue grills, pellet grills, smokers, fire pits.

The Camp Chef transaction aligns with Vista Outdoor’s strategy to deliver long-term value through acquiring complementary, market-leading brands that will benefit from Vista Outdoor’s balance sheet, distribution network, and sales and marketing expertise. Led by an entrepreneurial management team, Camp Chef has a nimble and responsive product development process. Camp Chef continues to grow its market share in the outdoor cooking category, and the brand serves many of our current consumers who are engaged in a wide variety of outdoor pursuits. Acquiring Camp Chef strengthens our leadership position in outdoor recreation, allows us to enter the growing camping and outdoor cooking market, and the brand’s effective multi-product, multi-channel strategy increases our presence across both brick-and-mortar and ecommerce distribution platforms.

Chairman and Chief Executive Officer Mark DeYoung
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Vista Outdoor will pay a purchase price of $74 million (excluding tax effects), with $60 million in cash paid at closing and $14 million in an earn-out. The effective multiple of the transaction is approximately 6.4x Camp Chef’s expected calendar year 2016 EBITDA. Vista Outdoor financed the purchase price with its existing revolving credit facility.

Camp Chef is excited to join the exceptional family of Vista Outdoor brands. The opportunity to be part of this dynamic company will provide for the future growth and success of Camp Chef as a leader in our market. The hard work and dedication of Camp Chef employees, past and present, has made Camp Chef what it is today. We look forward to the opportunities ahead.

Ty Measom, Camp Chef President

Update: Since the transaction has closed, Camp Chef continues to expand.

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