Bruckmann, Rosser, Sherrill & Co. (BRS), a New York-based private equity firm, and its co-investor group announced today that they have completed the acquisition of Gamo Outdoor, SL (Gamo) from MCH Private Equity and the Company’s founding family.
Victor Tresserras, CEO of Gamo, said, “We are excited to partner with BRS and their co-investors due to their significant experience in the outdoor sector and ability to provide Gamo with valuable strategic guidance.” He continued, “the team and I look forward to BRS supporting Gamo’s growth throughout the Company’s global markets.”
Gamo, based in Barcelona, Spain, is the premier global provider of high-quality airguns, pellets, optical equipment, airsoft products, related consumables and outdoor accessories. Since its founding in 1959, Gamo has gained worldwide recognition for its high-quality craftsmanship, market leading innovation and unparalleled research and development capabilities. As a result, Gamo is able to manufacture products to meet individual country specifications, enabling the Company to serve over 85 countries and 37,000 licensed dealers. Gamo has established a strong track record with mass merchants, sporting goods retailers, domestic specialty stores and distributors serving international markets.
Stephen Sherrill, co-founder and Managing Director of BRS, said, “We have been very impressed by Gamo’s management team which has successfully increased the Company’s market share, strengthened its position with major U.S. retailers and developed a superior international distribution model. The outdoor sector continues to be a significant focus of BRS.”
The transaction represents BRS’s third investment in the outdoor sector and seventh total investment by the firm’s latest fund (raised in 2008). The co-investor group comprises private investment firms including Frist Capital, LLC, Bixby Bridge Capital, LLC, Swift River Investments, and Quilvest Private Equity. Kirkland & Ellis LLP and Cuatrecasas Goncalves Pereira, S.L.P. acted as legal advisors to BRS.
BRS is a New York-based private equity firm with $1.4 billion of committed capital under management in three investment partnerships, focused on investing in middle market consumer goods and services businesses. Since 1996, BRS has purchased over 40 portfolio companies for aggregate consideration of over $6.4 billion. In addition, BRS portfolio companies have completed approximately $1.9 billion of add-on acquisitions. Prior to forming the firm, the founders of BRS were in the private equity business at Citicorp Venture Capital where they closed 25 transactions with aggregate transaction values totaling $5.8 billion.