Feb 28 Bushnell, an outdoor products
manufacturer, is up for a sale in a deal that could be worth $1
billion, three sources familiar with the matter said on
Bushnell's owner, private equity firm MidOcean Partners, is
finalizing advisors for the process, said all the sources who
declined to be identified because the talks are private.
Based in Overland Park, Kansas, Bushnell has about $100
million in annual earnings before interest, taxes, depreciation
and amortization (EBITDA), the sources said. It has annual
revenue of roughly $450 million.
MidOcean Partners declined to comment.
Founded in 1948, Bushnell makes outdoor accessories such as
binoculars, telescopes, night vision equipment and GPS devices.
It sells products under various brands such as Butler Creek,
Final Approach, Hoppe's, Millett, Night Optics, Primos, Simmons,
Stoney Point, Tasco and Uncle Mike's.
It was acquired by MidOcean in 2007 from private equity firm
Wind Point Partners. Last April, Bushnell acquired Primos
Hunting, a hunting products maker.
(Reporting by Olivia Oran; Editing by Richard Chang)