PLATINUM EQUITY HAS ENDED GSM OUTDOORS

LOS ANGELES, October 1, 2024 /PRNewswire/ — Platinum Equity today announced the completion of its acquisition of GSM Outdoors from Gridiron Capital.

Headquarters in Irving, TexasGSM Outdoors is a leading outdoor and consumer equipment company with a diverse and growing portfolio of over 50 different brands.

The company equips its customers with branded consumables, accessories and high-quality equipment for various outdoor activities. It sells through a variety of channels, including online retailers, sporting goods stores, mass merchandisers, outdoor retailers, farm and fleet stores, and dealers and distributors worldwide. United States AND Canada.

“GSM has an impressive distribution network, extensive experience in bringing new products to market and a culture that puts the care of its customers first,” said Platinum Equity Co-President Louis Samson. “We look forward to working with the management team to support this new phase of growth and expansion.”

General Manager of GSM Outdoors Eddie Castro will continue to lead the company in the future.

“Our goal is to provide the most innovative and high-quality equipment that primarily supports the outdoor passions, explorations and successes of our customers,” Castro said. “Platinum’s expanded access to capital, M&A resources and operational expertise can help further accelerate our growth and create greater opportunities for GSM to serve our customers.”

Managing Director of Platinum Equity David Glatt stated that investing in growth will be a priority.

“We believe GSM is an excellent platform in a highly fragmented market and has proven to be an attractive home for brands looking to expand their reach and maximize their potential,” said Platinum Equity managing director David Glatt. “We will work with GSM to continue to expand its offerings through internal research and development and pursue potential acquisitions in both existing product categories and new segments.”

Platinum Equity was previously owned by Fishing Holdings, LLC, the Flippin, Arkansasbased in the manufacturer of the Ranger Boats, Stratos and Triton fishing boat brands, which the company sold to Bass Pro Group.

Financing for the GSM acquisition was provided by Bank of America Merrill Lynch. Latham and Watkins served as legal advisors to Platinum Equity on the transaction.

Financial terms of the acquisition were not disclosed.

About Platinum Equity
Founded in 1995 by Tomek GoresPlatinum Equity is a global investment firm with over $48 billion assets under management and a portfolio of approximately 50 operating companies that serve clients around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O^® – acquiring and operating companies in a wide range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metal services, media and entertainment, technology, telecommunications and other industries. Over the last 28 years, Platinum Equity has completed over 450 acquisitions.

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Communication: :

Dan Whelan
Platinum capital
[email protected]

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SOURCE Platinum Capital