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Announced

Weinberg Capital Group to acquire Drake Waterfowl Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Clothing and Accessories

Friendly

Pending

United States

outdoor clothing brand

Acquisition

Private

Private Equity

Domestic

Majority

Single Bidder

Synopsis

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Weinberg Capital Group, a Cleveland, OH based family office, agreed to acquire Drake Waterfowl Systems, a provider of hunting, fishing, and casual apparel. Financial terms were not disclosed. "We are very excited and proud to have the opportunity to partner with WCG to take our brands to the next level while remaining true to the core values that got the Company to where it is today. Success in the outdoor industry starts and ends with relationships and being easy to do business with, a philosophy shared by WCG," John Woodard, Drake CEO.

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