Speer

The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor’s Sporting Products Business for $1.91 Billion

Retrieved on: 
월요일, 10월 16, 2023

The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.

Key Points: 
  • The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.
  • CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years.
  • Headquartered in Anoka, Minnesota, Vista Outdoor’s Sporting Products business is a leading ammunition manufacturer in the U.S. commercial and law enforcement markets.
  • Jason Vanderbrink will remain CEO of the Sporting Products business and the U.S. headquarters will remain in Anoka, Minnesota.

Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion

Retrieved on: 
월요일, 10월 16, 2023

Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.
  • “This is an important strategic step for our company in creating value through separating our Outdoor Products and Sporting Products segments,” said Gary McArthur, interim CEO of Vista Outdoor.
  • To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business, and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business), with current public stockholders of Vista Outdoor receiving shares of Outdoor Products ( recently rebranded as Revelyst ) and approximately $750 million in cash in the aggregate.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.

Vista Outdoor Appoints CFO and General Counsel for Sporting Products Company

Retrieved on: 
금요일, 7월 28, 2023

Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced its Board of Directors has made two appointments for the company’s Sporting Products Company following the spinoff of Vista’s Outdoor Products business.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced its Board of Directors has made two appointments for the company’s Sporting Products Company following the spinoff of Vista’s Outdoor Products business.
  • View the full release here: https://www.businesswire.com/news/home/20230728927166/en/
    Andy Keegan, Vice President and interim CFO for Vista Outdoor, has been appointed CFO for the Sporting Products Company following the spinoff.
  • (Photo: Business Wire)
    Andy Keegan, Vice President and interim CFO for Vista Outdoor, was named CFO of Sporting Products, and Jeff Ehrich, interim General Counsel and Corporate Secretary for Vista Outdoor, was named General Counsel and Corporate Secretary of Sporting Products.
  • On May 5, 2022, Vista Outdoor announced that the company plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.

Hannibal Public School District #60 Awarded Funds for Clean Buses

Retrieved on: 
목요일, 1월 12, 2023

HANNIBAL, Mo., Jan. 12, 2023 /PRNewswire-PRWeb/ -- Hannibal Public School District #60 has utilized funding from incentive programs like the Environmental Protection Agency's Clean School Bus Program and the Missouri Propane Education & Research Council to double down on its commitment to substantially reduce its carbon footprint with propane school buses. Plans for a fully propane-fueled fleet are in the works.

Key Points: 
  • HANNIBAL, Mo., Jan. 12, 2023 /PRNewswire-PRWeb/ -- Hannibal Public School District #60 has utilized funding from incentive programs like the Environmental Protection Agency's Clean School Bus Program and the Missouri Propane Education & Research Council to double down on its commitment to substantially reduce its carbon footprint with propane school buses.
  • Located in northeastern Missouri, Hannibal Public School District received two propane school buses earlier this year, with four more en route and an additional three on order.
  • Four of the propane school buses will be awarded $22,000 per bus through the first round of funding of the Clean School Bus Program, which has the stated goal of replacing old diesel buses with clean-operating school buses.
  • Hannibal Public School District was one of two schools in Missouri to receive funding for propane buses through the Clean School Bus Program in 2022.

OneKey® MLS Appoints Richard Haggerty as CEO

Retrieved on: 
수요일, 9월 21, 2022

WEST BABYLON, N.Y., Sept. 21, 2022 /PRNewswire/ -- The Board of Managers of OneKey® MLS is pleased to announce that Richard Haggerty has been appointed as the new Chief Executive Officer for OneKey® MLS.  Haggerty, who currently serves as CEO of the Hudson Gateway Association of REALTORS® and as President and Chief Strategic Growth Officer of OneKey® MLS, will succeed Jim Speer, the current CEO, on Jan. 1, 2023. Speer has announced his plans for retirement at the end of this year.

Key Points: 
  • Haggerty to Begin New Role on Jan. 1, 2023, Replacing Retiring CEO Jim Speer
    WEST BABYLON, N.Y., Sept. 21, 2022 /PRNewswire/ -- The Board of Managers of OneKey MLS is pleased to announce that Richard Haggerty has been appointed as the new Chief Executive Officer for OneKey MLS.
  • Haggerty, who currently serves as CEO of the Hudson Gateway Association of REALTORS and as President and Chief Strategic Growth Officer of OneKey MLS, will succeed Jim Speer, the current CEO, on Jan. 1, 2023.
  • "I am confident that Richard will ensure that OneKey MLS will continue to evolve under his direction."
  • "Jim was part of the vision of OneKey MLS from the very beginning, and he did a tremendous job launching OneKey MLS during one of the most challenging times in our history, when COVID was overwhelming our region," said Haggerty.

Psychologist and Autism Expert Dr. Leslie Speer Joins Frazier Behavioral Health

Retrieved on: 
월요일, 6월 13, 2022

CLEVELAND, June 13, 2022 /PRNewswire/ -- Frazier Behavioral Health (FBH), a behavioral health clinic focused on helping neurodiverse children, announced that Dr. Leslie Speer has joined the company as Clinical Director. She will be utilizing her expertise to teach, lead and direct other clinicians to ensure the highest level of care. Speer was most recently at MetroHealth Autism Assessment Clinic (MAAC) and a private practice, Meghan Barlow and Associates.

Key Points: 
  • CLEVELAND, June 13, 2022 /PRNewswire/ --Frazier Behavioral Health (FBH), a behavioral health clinic focused on helping neurodiverse children, announced that Dr. Leslie Speer has joined the company as Clinical Director.
  • Speer was most recently at MetroHealth Autism Assessment Clinic (MAAC) and a private practice, Meghan Barlow and Associates.
  • "I am very excited to have the opportunity to join such a dedicated team and to align my passion with Frazier Behavioral Health's vision of evidence-based, high quality, accessible care," said Speer.
  • Established in 2019, Frazier Behavioral Health is a behavioral health clinic dedicated to delivering evidence-based, individualized therapy for children and adults with behavioral, physical, social, communication, and sensory issues.

Vista Outdoor and Brands Support Federal Legislation Breaking Down Barriers for Veterans in the Outdoors

Retrieved on: 
수요일, 2월 26, 2020

Brands supporting the letter include Blackhawk, CCI, Speer, and Federal Ammunition, Bell Sports, Giro, Bushnell, Camp Chef, CamelBak, Primos, and Vista Outdoor Inc.

Key Points: 
  • Brands supporting the letter include Blackhawk, CCI, Speer, and Federal Ammunition, Bell Sports, Giro, Bushnell, Camp Chef, CamelBak, Primos, and Vista Outdoor Inc.
  • I am proud that Vista Outdoor and our leading brands joined forces to support this important legislation."
  • Vista Outdoor and its brands have a long history of working with veterans in the outdoors, and this bill squarely aligns with that mission.
  • Vista Outdoor is a global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets.