CLEARFIELD, Utah, March 15, 2016 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO) was recently named Dealmaker of the Year by ACG Utah for the company's acquisition of CamelBak Products, LLC. ACG Utah has a long tradition of honoring dealmakers in the Utah business community—those who have successfully led the charge in driving growth in their organizations.
"Our acquisition of CamelBak helps strengthen and expand Vista Outdoor's presence in the outdoor sports and recreation market," said Mark DeYoung, Vista Outdoor's Chairman and CEO. "Being recognized by ACG Utah with this award is a great honor. The Beehive State is an epicenter for individual outdoor recreation – that's why we located our corporate headquarters here. Our mission is to bring the world outside, and that starts right here in Utah."
"It certainly is exciting to see deals such as Vista Outdoor's CamelBak transaction and the direct impact that it has on our state economy in igniting further growth," said Katina Curtis, President of ACG Utah. "We are pleased to recognize the accomplishments of Vista Outdoor with the 2016 ACG Utah Dealmaker of the Year Award."
On July 27, 2015, Vista Outdoor announced it had entered into a definitive agreement to acquire CamelBak, which was completed on August 3. Under the terms of the transaction, Vista Outdoor paid $412.5 million, subject to a customary working capital adjustment, utilizing cash on hand and borrowings under its existing credit facilities.
ACG Utah's mission is to promote the professional and business interests of the Association for Corporate Growth members by providing access to knowledge and business opportunities, through networking, communications and forums related to both internal and external growth.
In choosing Vista Outdoor for the award, ACG Utah reviewed the middle-market M&A transactions that occurred in Utah during 2015, seeking deals that involved Utah companies, Utah capital providers, Utah lenders and Utah advisors.
About Vista Outdoor
Vista Outdoor is a leading global designer, manufacturer and marketer in the growing outdoor sports and recreation markets. The company operates in two segments, Shooting Sports and Outdoor Products, and has a portfolio of well-recognized brands that provide consumers with a range of performance-driven, high-quality and innovative products in the ammunition, firearms and outdoor products categories. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. Vista Outdoor is headquartered in Utah and has manufacturing operations and facilities in 10 U.S. states, Puerto Rico, Mexico and Canada along with international sales and sourcing operations in Canada, Europe, Australia, New Zealand and Asia. For news and information, visit www.vistaoutdoor.com or follow us on Twitter @VistaOutdoorInc and Facebook at www.facebook.com/vistaoutdoor.
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SOURCE Vista Outdoor Inc.