Category: Outdoor

Moody’s Investors Service downgraded Alterra Mountain Company’s corporate family rating (CFR) to B2 from B1 and probability of default rating (PDR) to B2-PD from B1-PD.

GSM Outdoors, a portfolio company of Sentinel Capital Partners, L.L.C., has been acquired by Gridiron Capital, LLC. Terms of the transaction were not disclosed.

Camping World Holdings Inc. announced that its Board of Directors declared a cash dividend of $1.00 per share on the company’s Class A Common Stock and a cash distribution of 29 cents per common unit on CWGS Enterprises, LLC’s common units.

Sea to Summit welcomed Sally McCoy to its global leadership team. McCoy accepted the newly created position of Executive Chair of Sea to Summit and will assume responsibility for the brand’s global strategy and expansion.

Exped USA announced the addition of Parallel 45 Sales Group as brand partners. The Parallel 45 Sales Group will oversee strategy, sales and service in North Dakota, South Dakota, Nebraska, Missouri, Iowa, Illinois, Minnesota, Wisconsin, and Michigan’s Upper Peninsula.

Camping World Holdings Inc. announced an agreement to acquire the Outlet Recreation dealership based in the Fargo market. This acquisition marks the company’s first location in North Dakota, with plans for the deal to close in December 2020.

Crosson Ski said Bode Miller, the five-time Olympic medalist, has teamed with aerospace engineer, Chase Englehart, to serve as its chief innovation officer. The pair will debut Crosson’s expanded line of skis later this month, including a series built with carbon fiber and centered around traditional ski manufacturing.

Dorel Industries Inc. announced that based on the recommendation of an independent committee of Dorel’s Board of Directors, Dorel has entered into a definitive Arrangement to be acquired by Cerberus Capital Management, L.P. for C$14.50 per share.