SGB Update Sportsmans
KV Capital Merges Two Powersports Brands Via Acquisition
The company anticipates merging the UTV Canada business with Mountain Sports Distribution, the full-service powersports distributor that joined the KV Capital Fund II portfolio in 2023. Financial terms were not disclosed.
Thor Industries Appoints Chief Human Resources Officer
Michele McDermott joins the company as chief human resources officer, reporting to Thor President and CEO Bob Martin.
Academy Sports and Outdoors Appoints Chief Supply Chain Officer
Rob Howell will join the company as SVP and chief supply chain officer in February 2024, reporting to President Sam Johnson. He will oversee supply chain operations, distribution centers, and domestic and international logistics.
Werner Riethmann Departs Active Management of Lowa
After more than 30 years, Werner Riethmann left active management of Lowa Sportschuh GmbH at the end of December 2023. He will remain with the Bavarian hiking and mountain boot specialist as a shareholder with a 20 percent share and in an advisory capacity.
Duluth Trading Appoints New CFO
Heena Agrawal will assume the role of SVP and CFO, effective February 12, 2024.
Zamberlan Bolsters Sales Team for Southeast and South Central U.S.
“We’re thrilled to have Odle represent us in a new territory and to new customers,” —Bob Whip, General Manager, Zamberlan USA.
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.
L.L.Bean Set to Open Eighth New York Store in Spring
The retailer’s first new store of 2024 will open in Kingston, NY, in March/April.
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.”
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.
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.
Revelyst Appoints Chief HR Officer
The Outdoor Products division of Vista Outdoor, Inc. hired Joyce Butler as chief human relations officer.
Primary Arms Government Hires East Coast Field Sales Manager
Kris Mancha, the new field sales manager for its Eastern U.S. region, was in the U.S. Army Infantry for seven years. More recently, he worked in sales in custom-engineered metal components and tactical gear industries.
Sportsman’s Warehouse Appoints Chief Retail Officer
Craig McNair brings strong leadership experience in the outdoor specialty retail space, having worked in key roles at Academy Sports + Outdoors and Cabela’s, Inc., where he was responsible for large regions of stores.
