Sportsman’s Warehouse Acquisition by Great American Outdoors
The consolidation of the USA outdoor retail sector continues. The Great American Outdoors Group, which owns Cabela’s and Bass Pro, plans to purchase Sportsman’s Warehouse for $785,000,000 in cash. This means three of the biggest outdoor gear and shooting supplies vendors will all have the same parent company*. Great American (based in Missouri) will pay $18 a share for Sportsman’s Warehouse, a 42% premium over the stock price on 12/21/2020, and will remain private. The acquisition deal is expected to close in the second half of 2021. Sportsman’s Warehouse is currently based in West Jordan, Utah.
CLICK HERE for Sportsman’s Warehouse Buy-Out Press Release »
“The driving force behind the partnership is the two companies’ similar histories and highly complementary business philosophies and geographic footprints”, the companies said in a statement. “Both entities share a passion with their customers for fishing, camping, hunting, boating and other outdoor activities.”
American Outdoors said the acquisition will allow improved online ordering and faster product delivery, “by leveraging the combined company’s extensive network of distribution centers and stores[.]”
Will Gun Inventories Grow or Shrink? That Is Uncertain…
Will Sportman’s Warehouse continue to be a very good source for firearms and hunting gear, with attractive gun prices? That remains to be seen. The press release made no mention whatsoever of gun sales, though it did state that Cabela’s-brand hunting gear will be available. The company boasted about expanded product lines for fishing and boating:
Sportsman’s Warehouse customers can expect… widely expanded product offerings including:
Access to the world’s largest selection of premium fishing tackle including legendary Bass Pro Shops and other premier brands.
The largest selection of premium hunting gear including the iconic Cabela’s brand.
Sportsman’s Warehouse will be able to offer customers the world’s leading boat brands, side-by-sides and ATVs at money-saving prices.
Transaction Overview
The merger agreement was unanimously approved by the Sportsman’s Warehouse Board of Directors. The transaction, which is expected to close in the second half of 2021, will be completed through a cash merger and is subject to approval by Sportsman’s Warehouse’s shareholders, as well as regulatory approvals and other customary closing conditions. The transaction is not subject to any financing condition. The entities will continue to operate independently until the transaction closes.
* Along with Bass Pro and Cabelas, The American Outdoors Group owns the White River Marine Group (boats/trailers) and a selection of outdoors resorts in the USA.
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Tags: Bass Pro, Cabelas, Johnny Morris, Outdoor Retailer, Sportsman's Warehouse, Stock Market
There goes the neighborhood
Undoubtedly
What a terrible loss. It WAS my go to store. I never even go into a Cabela’s or Bass Pro Shop anymore. Have to look for a new place to shop now.
Sportsman’s Warehouse snuck out of town here a few years ago in the middle of the night. A surprise to their employees. Cabela’s went downhill after the acquisition and is apparently just Bass Pro Shops with a different sign. I rarely shop there. The price premium isn’t generally worth the visit. Thankfully, we still have a regional chain to buy from.
Kiss The Variety And Uniqueness Good Buy At Sportsman’s Warehouse.
Used To Love Stopping In The Akney, Iowa Store When I Traveled In Sales.
So sad for us consumers. Cabelas has been completely different than it was
.
S.W. bailed on us here east of the Mississippi river a few years ago when they were first bought out. I avoid Bass Pro (too yuppie) and the closest Cabela’s is in Cook Co. which I avoid because of their extra tax on guns & ammo as well as their 10% sales tax to begin with.
Oh well, there’s still mail order & the internet
Never been in one but what a shame. The acquisition of Cabelas ruined that chain.