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Sportsman's Warehouse purchased by Bass Pro owners
Sportsman’s Warehouse is being bought by the same company that owns Bass Pro Shops, Cabela's, and other outdoor retailers. According to a Sportsman's Warehouse news release, the company has entered into an agreement to join the Great American Outdoors Group. As part of the agreement, Sportsman’s...
foxchattanooga.com
CHATTANOOGA, Tenn — Sportsman’s Warehouse is being bought by the same company that owns Bass Pro Shops, Cabela's, and other outdoor retailers.
According to a Sportsman's Warehouse news release, the company has entered into an agreement to join the Great American Outdoors Group. As part of the agreement, Sportsman’s Warehouse will be acquired for $18.00 per share in cash. The agreement was unanimously approved by Sportsman’s Warehouse’s Board of Directors. The transaction is expected to close in the second half of 2021 and is not subject to any financing condition. The companies will continue to operate independently until the transaction closes.
The news release says, "The driving force behind the partnership is the two companies’ similar histories and highly complementary business philosophies and geographic footprints. Both entities share a passion with their customers for fishing, camping, hunting, boating and other outdoor activities."
The Chattanooga sporting and conservation community has long recognized that the area Sportsman's Warehouse has been a tremendous supporter of local conservation efforts. The company has made significant financial contributions to numerous conservation and sporting events. Local Sportsman's Warehouse personnel have also contributed many man hours in support of local chapters of Ducks Unlimited, Safari Club, the NRA Foundation, church-sponsored wild game dinners and many others.
Mark Hydas participates in a number of area outdoors initiatives and serves as the current Chairman of the local Ducks Unlimited chapter.
Hydas said, "Yes, Sportsman's Warehouse has been extremely supportive. For 14 years they've been unwavering in the support they've given us. Of course, we've had great support from Bass Pro recently as well."
Local Sportsman's Warehouse managers said they cannot comment at this time. The news release said, "This unprecedented alliance is bringing together sportsmen and women to protect millions of acres of wildlife habitat every year, introduce thousands of kids and families to nature, and achieve major legislative victories that advance the outdoors and all who love it."
Sportsman’s Warehouse CEO Jon Barker said, “We are excited to be joining the Great American Outdoors Group," said . "This merger brings together the greatest brands in the outdoor industry. I couldn’t be more proud of the nearly 8,000 Sportsman’s Warehouse associates and their success in building our brand over the last 33 years. We look forward to a smooth transition and building our partnership,”
“Today is a happy day for our companies, outdoor enthusiasts and for the cause of conservation,” said Bass Pro Shops Founder and Great American Outdoors Group Leader, Johnny Morris. “As outdoor sports specialists with unwavering dedication to people who fish, hunt and enjoy the outdoors, we greatly admire the passionate team at Sportsman’s Warehouse for their commitment to their customers and the sports we all love."
They say Sportsman’s Warehouse will now have access to the world’s largest selection of premium fishing tackle including legendary Bass Pro Shops and other premier brands. They add that Sportsman’s Warehouse will be able to offer customers leading boat brands, side-by-sides and ATV's.