Blank-check firm Schultze Special Purpose Acquisition Corp. II is in talks to merge with Point Blank Enterprises Inc., a maker of body armor, holsters, shields and other ballistic protection products, according to people with knowledge of the matter.

Terms of the transaction being discussed couldn’t immediately be learned. No deal has been finalized and it’s possible that talks could collapse, said one of the people, who asked not to be identified discussing confidential information. 

Founded in 1973, Pompano Beach, Florida-based Point Blank Enterprises is backed by private equity firm JLL Partners. Led by chief executive officer Daniel Gaston, the company provides products to clients including the U.S. military, federal agencies and domestic and international law-enforcement professionals, according to its website. 

A representative for the Schultze SPAC declined to comment. Representatives for JLL and Point Blank Enterprises didn’t immediately respond to messages seeking comment.

The Schultze SPAC, sponsored by an affiliate of Schultze Asset Management LP and led by CEO George Schultze, raised $165 million in an October 2021 initial public offering. At the time, the vehicle said it would focus on combining with a target that may be experiencing liquidity constraints, is financially stressed or has experienced or emerged from a financial restructuring. 

Point Blank was sold in 2011 to Sun Capital Partners Inc. through a 363 bankruptcy sale. JLL acquired the company from Sun Capital in 2015.