Salt Lake City-based outdoor sports company Clarus Corp. and its wholly owned affiliate Everest/Sapphire Acquisition LLC have agreed to sell its Precision Sports business segment to Bullseye Acquisitions LLC, an affiliate of JDH Capital Co. of Houston Texas. Clarus’ Precision Sports business is comprised of the company’s Sierra Bullets LLC and Barnes Bullets–Mona LLC subsidiaries.
The sale will be an all-cash transaction worth $175 million and is expected to close this quarter. The deal follows a previous announcement by Clarus that it would review and evaluate the potential sale of the Precision Sport segment.
“After a comprehensive strategic review process, we are pleased to have agreed on Please log in to see the rest of this story.
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