SGB Update

EXPLORE Act Passes Out of Committee, Heads to House Vote

ORR and its members celebrated the milestone and is urging swift passage of the EXPLORE Act through the full House and Senate, for the benefit of public lands, waters, and the communities that thrive because of them.

Vaude Appoints New Chief Financial Officer

With new CFO Melissa Wach and CEO Antje von Dewitz, the management team is now 50 percent female. Women hold prominent positions across the board in leadership roles at Vaude, constituting approximately 45 percent of executive positions.

Sig Sauer Expands Operations in United Kingdom

The company tapped Accuracy International Limited to expand its business operations of Sig Sauer in support of the British Armed Forces and law enforcement customers within the UK.

American Pride Outdoors Acquires Half Rack

With this acquisition, American Pride Outdoors said it “aims to expand its offerings and provide a wider range of products to hunters around the world.” 

Life Fitness and Egym Expand Partnership

Life Fitness and Munich, Germany-based Egym are reportedly working on a new Smart Cardio integration project, inspired by Egym’s Smart Cardio system.

BRP, Inc. Amends, Extends Term Loan Facility

The parent of the Ski-Doo, Sea-Doo and Lynx power sports brands successfully amended and extended a substantial portion of its term loan facility, effectively extending U.S. $1,000 million of debt maturities from 2027 to 2031.

Manchester United PLC Appoints New CEO

The club said it is “determined to put football and performance on the pitch back at the heart of everything it does, and Omar Berrada’s appointment represents the first step on that journey.”

Weber Cooks Up Global AR Facility with KKR

The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024.