Private equity firm Platinum Equity has agreed to acquire GSM Outdoors from Gridiron Capital.
Headquartered in Irving, Texas, GSM Outdoors is an outdoor and consumer sporting goods company with a portfolio of more than 50 different brands. The company equips its customers with consumables, accessories and gear for a variety of outdoor pursuits. It sells to a customer base of online retailers, sporting goods stores, mass merchants, outdoor product retailers, farm and fleet stores and dealers and distributors across the U.S. and Canada.
Financing for the GSM acquisition will be arranged Bank of America Merrill Lynch. Latham and Watkins is serving as legal counsel to Platinum Equity on the transaction.