Los Angeles private equity firm Diversis Capital LLC wrapped up the acquisition of Martin Archery Inc., a producer and retailer of bows, arrows and hunting accessories.

Terms of the deal were not disclosed, but Divsersis — launched in May — looks to make equity investments of up to $20 million in distressed companies. The purchase of Martin Archery is the first deal for Diversis. It is expected “to bring the once-thriving business back to prominence,” according to a statement on the Martin Archery website.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.