Dude’s got a voice to be doin’ voice-overs….
> Chris Zaldain is still last in alphabetical order — his better half Trait would be last if/when she makes the Elites….
Casey Ashley’s Triton 21 TRX
Worldwide Watson’s Ranger Z520L
7. Pure Feeshn sold to NYC investment firm.
> …signed a definitive agreement to sell Pure Fishing to Sycamore Partners….
> Sycamore Partners is a private equity firm based in New York. The firm specializes in consumer, distribution and retail-related investments and partners with management teams to improve the operating profitability and strategic value of their business. Sycamore has approximately $10 billion in assets under management. The firm’s investment portfolio currently includes Belk, Coldwater Creek, CommerceHub, Hot Topic, MGF Sourcing, NBG Home, Staples Inc., Staples United States Retail, Staples Canada, Talbots, The Limited and Torrid.
> Gross proceeds from the Pure Fishing divestiture are anticipated to be $1.3 billion, subject to customary working capital and transaction adjustments. In 2017 net sales for Pure Fishing were approximately $556 million.
Does that mean the price was 2.5x sales? If so that’s pretty healthy.
Question to start askin’ in the bassin’ biz is why all this consolidation (is it just because the economy is up?) and is it a good thing? Meaning, when companies buy other companies, the buyers always think they know better so they change things…no matter what they say at first.
Change ain’t always bad and is sometimes needed, but when the folks who know fishing are replaced by or answer to people who don’t, usually that’s not a good thing — for the new owners. And money guys usually don’t deeply care about fishing and fish and all that stuff. Not saying that’s necessarily the case here, just thinking out loud based on what I’ve seen.
Believe this is one reason NYC investment companies don’t have the greatest track record in our biz (eg, North American Fishing/Hunting Club owners, Primedia owners), but you never know.
Speaking of NYC money guys, Huk just sold a chunk to another NYC company and now has new management.
8. MD has $3 mil to improve lakes and wants input.
9. NC voters added right to hunt/fish amendment…
…to the state constitution. 22nd state to do so. Here’s the other states.
10. Smallmouths an invasive pest in South Africa.
11. Lunkerhunt getting into rods and reels.
From their Insta, coming Jan ’19 at Dick’s:
12. Check these 2 dropshot baits workin’ side by side.
Love me some tank vids. Here’s the YUM Kill Shot (left) and Warning Shot:
13. Check the Bill Lewis StutterStep on the water.
…and underwater. Interesting how much of the bait is below the water, but the front and back aren’t.
Am I the only guy havin’ a tough time keepin’ up with all the changes and features?