Peak Rock Captial bought strike king lures

[176champion]

Peak rock capital bought strike king lures....

 

https://scout.com/outdoors/bass-fishing/Article/Peak-Rock-Capital-Acquires-Strike-King-Lure-Company-110047420

[abkeenan]

Interesting. Thanks for sharing.

[fishinwrench]

What is it with these bait companies?

[Flysmallie]

2 minutes ago, fishinwrench said:

What is it with these bait companies?

It's not just bait companies or this industry. Consolidation is happening all around us. The company I work for is buying up smaller companies at an alarming rate. And even though it's great job security for me it's not the best thing for those employees. 

[fishinwrench]

I suppose.   I guess you just don't care unless it's a product you use alot and are pleased with.   I have fallen away from SK stuff in recent years, but for a long time I was pretty faithful to quite a few of their products.

[jpb2187]

There's billions of dollars in the private equity funds that HAS to be deployed in the near future or the funds need to return the money to the investors, which they won't do. The result is lots of companies buying assets. 

Likewise, lots of companies under PE ownership are following the route flysmallie is describing... buy lots of smaller companies in the same industry (say for 5x EBITDA), bundle them in your base business, then turn around and sell the whole package for a 10x mult.

There are lots of highly leveraged deals going on out there. Don't know if I want to call it a bubble, but sure seems like one is building.

 

[Royal Blue]

6 hours ago, fishinwrench said:

I suppose.   I guess you just don't care unless it's a product you use alot and are pleased with.   I have fallen away from SK stuff in recent years, but for a long time I was pretty faithful to quite a few of their products.

I still like a few of the crankbaits and I definitely like their elaztech senko thingy and all of the Rage Tail stuff.  The spinnerbaits are crap in my opinion.

[Quillback]

If they screw up the Rage Craws, I'll be pizzed.

[Old plug]

8 hours ago, fishinwrench said:

What is it with these bait companies?

In this case Incannot wonder if one of those outfits is short on cash. 

[Gavin]

There are allot of cash buyer’s out there looking to grow through acquisition. My middle market business clients get inquiries all the time. It is a seller’s market right now If you want to cash out and retire.