Bushnell Outdoor Products to Acquire Night Optics USA
August 31, 2011
Overland Park. KS. August 31, 2011 - MidOcean Partners, a leading middle market private equity fund, and Bushnell Outdoor Products, a worldwide leader in sports optics, premium eyewear, and outdoor accessories, today announced that Bushnell has acquired Night Optics USA, Inc. of Huntington Beach, Calif. Terms of the purchase agreement were not disclosed.
Founded by brothers Ilya and Israel Reyngold, who have more than 18 years of experience in the night vision industry, Night Optics USA is widely recognized as an innovative industry leader and provider of professional quality night vision and thermal technologies for commercial, law enforcement and military applications.
“Night Optics USA has built an exceptional reputation within the night vision industry by exceeding the highest standards in both product quality and customer service,” said Blake Lipham, Bushnell President and CEO. “This is an exciting acquisition for Bushnell, as it not only allows us to add another reputable brand to our organization; it enhances our product portfolio in the law enforcement, military and security markets.”
“Our mission at Night Optics USA is to provide premium quality equipment at competitive prices while achieving the highest levels of customer service and satisfaction,” added Ilya Reyngold, Night Optics USA President. “Our continuously evolving product line incorporates the latest technological developments and end-user input. Partnering with Bushnell gives us an exciting opportunity to further that mission and continue our track record of success while expanding globally.”
MidOcean Partners acquired Bushnell in Aug. 2007 and has added several complementary brands to the company‘s portfolio during the last four years, including acquisitions of Millett and Simmons in 2008. “Bringing Night Optics USA into the Bushnell family of brands is a continuation of our goal to grow the company through strategic acquisitions. Bushnell and Night Optics USA share a reputation for quality, service and innovation with their industry partners and customers,” said David Basto, MidOcean Partners Managing Director.
Night Optics USA was represented by Mergers & Business Acquisitions, Inc. (M&BA) (www.AerospaceManufacturers.com). M&BA acted as the exclusive Sale-Side Investment Banker for this transaction.
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Bushnell Outdoor Products is a global manufacturer and marketer of branded consumer products based in Overland Park, Kansas. Bushnell Outdoor Products sells its products worldwide under the Bushnell, Tasco, Serengeti, Bolle, Uncle Mike’s Law Enforcement, Stoney Point, Hoppe, Blackwater Gear, and Butler Creek brand names. Additional information about Bushnell is available at www.bushnell.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
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