Clearview Capital has acquired Nielsen-Kellerman, a maker of measurement instruments for enthusiasts, competitors and professionals in the outdoor, tactical, paddlesports and professional markets.
The sellers were JZ Partners and The Edgewater Funds. No financial terms were disclosed.
D.A. Davidson’s Active Lifestyle Investment Banking team provided strategic advisory and M&A services to JZ Partners, The Edgewater Funds and Nielsen-Kellerman.
Founded in 1978 and located in Boothwyn, PA, Nielsen-Kellerman is a leading designer and manufacturer of premium measurement instruments for enthusiasts, competitors and professionals in the outdoor, tactical, paddlesports and professional markets. All of Nielsen-Kellerman’s products are designed and assembled in the United States and are marketed under the Kestrel and NK brands.
“The Kestrel and NK brands are respected in demanding outdoor markets for their relentless focus on accuracy, quality and reliability,” said Mike Smith, Managing Director at D.A. Davidson. “We are privileged to represent such a distinguished American-made brand and we have the highest respect for what management, JZ Partners and The Edgewater Funds have accomplished.”
“Our new partnership with Clearview Capital will enable Nielsen-Kellerman to continue to grow and create innovative products for our customers. I want to thank Mike Smith and his team at D.A. Davidson for playing a critical role in helping us tell the NK story to potential buyers and connect with the Clearview Capital team,” said Alix James, CEO of Nielsen-Kellerman.
Said Eric Kieras, managing director at JZ Partners and John Malloy, Principal at The Edgewater Funds. “This successful transaction is indicative of the continued strong interest in the outdoor and performance sports markets.”The investment by Clearview Capital will help Nielsen-Kellerman continue to drive growth by broadening its channels of distribution, expanding into new markets, and increasing customer reach.”
