Arcus Hunting LLC has completed its acquisition of PAT Acquisition, LLC, which makes the top-selling Tink's brand of deer lures and attractants.
Tink’s marks Arcus Hunting’s second investment in as many months following its acquisition of leading scent control brand, Dead Down Wind. Arcus Hunting acquired Tink’s from Frist Capital, LLC a private investment company based in Nashville.
The acquisition of Tink’s is the result of Arcus' targeted effort in the fragmented and growing bowhunting and archery accessories industry.
“With Tink’s and DDW, Arcus now has two industry-leading brands that enhance the odds of a successful hunt,” said Scott Perekslis, Managing Partner and co-founder of Bregal Partners. “We intend to preserve the unique heritage of each brand while building on the innovation, product performance, and compelling consumer value proposition that make each brand a leader in its category.”
Arcus is pursuing further strategic investments in complementary brands, with particular focus on scents and lures, food attractants, targets, decoys, and related consumable categories that enhance hunters' performance in the field, Perekslis said.
Tink’s has been the industry leader for decades but its president, Phil Robinson, sees untapped potential.
“I am looking forward to realizing that potential with the team at Bregal Partners,” said Robinson, who will be promoted to president of Arcus Hunting at closing.
Harris Williams acted as financial advisor to Bregal Partners and Arcus Hunting in the transaction, and Sidley Austin LLP served as their legal advisor. Bass, Berry & Sims Plc represented Frist Capital and Tink's. Terms of the deal were not disclosed.
Tink’s famous #69 Doe-In-Rut deer lure has been a favorite of hunters for 45 years and is the benchmark by which other deer lures are measured. In addition to its industry-leading deer lures, Tink’s offers predator scents, big game lures, and scent dispersal accessories. Tink’s has been a pioneer in the industry since its founding in 1969 and recently launched its patented Hot Shot®. Tink’s is based in Covington, Georgia. www.tinks.com
Arcus Hunting is an acquisition and organic growth platform seeking to build a strong portfolio of leading brands in the bowhunting and archery accessories category. Arcus is actively seeking additional opportunities for investment in the scent control, scents and lures, food attractants, targets, decoys, and related consumable categories. It was formed by Bregal Partners, a private investment firm that invests alongside outstanding management teams to build industry leading companies in the middle market. Begal has $500 million of committed capital funded by a sixth-generation family foundation and part of Bregal Investments, a global family of investment vehicles that has invested more than $9 billion since 2002.
