Arcus Hunting LLC, a Bregal Partners company, has closed its buy of Obsession Archery Inc. The sellers are Dennis and Angela Lewis, Obsession’s founders, who will continue to lead the company. Jeffersonville, Georgia-based Obsession Archery designs and makes premium bows.
COVINGTON, Ga.–(BUSINESS WIRE)–Arcus Hunting, LLC, a Bregal Partners company, has completed its acquisition of Obsession Archery, Inc. (“Obsession” or the “Company”), an award-winning designer and manufacturer of premium bows. Dennis and Angela Lewis, the Company’s founders, will continue to lead Obsession following the acquisition. Obsession marks Arcus Hunting’s third investment since November 2014.
“Obsession has developed best-in-class bows, validated by winning Editor’s Choice for best bow from Outdoor Life in 2014, due to its combination of speed and shootability,” said Scott Perekslis, Managing Partner and co-founder of Bregal Partners. “The Company is growing rapidly, and the transaction will allow Dennis and Angela to focus on customer service and design while benefiting from the resources that the broader Arcus Hunting platform can bring to bear.” Perekslis added, “With Dead Down Wind, Tink’s, and now Obsession, we continue to pursue further strategic investments in leading hunting and archery brands, with a particular focus on categories that enhance hunters’ performance in the field.”
Obsession’s founder, Dennis Lewis, added, “Bregal shares our vision, and we feel confident that they will be able to help us take Obsession to the next level. We are thrilled to be joining the Arcus family and starting a long-term partnership.” Dennis and Angela Lewis will lead Obsession as President and Vice President, respectively, and also became equity holders of Arcus Hunting at closing. Additionally, master bow designer Kevin Strother will continue in his long-term relationship with Obsession.
Phil Robinson, President of Arcus Hunting, stated, “Obsession is a brand that stands out from the crowd, with state of the art designs, excellent performance, and high quality products. Dennis and Angela have built a distinctive brand and we are delighted to partner with them to accelerate Obsession’s growth.”
Sidley Austin LLP served as legal advisor to Bregal Partners and Arcus Hunting in the transaction. Briggs and Morgan, P.A. represented Obsession. The terms of the transaction were not disclosed.
About Obsession Bows
Obsession is a designer, marketer, and manufacturer of premium vertical bows. Obsession’s award-winning bows demonstrate the company’s longstanding commitment to innovation and delivering best-in-class products. Obsession uses the latest in design, engineering, and materials to blend together the perfect platform on which to launch an arrow. Whether you are a bowhunter or target archer, Obsession can help you hit your mark. Obsession is based in Jeffersonville, Georgia. www.obsessionbows.com
About Arcus Hunting
Arcus Hunting is an acquisition and organic growth platform seeking to build a strong portfolio of leading brands in the bowhunting and archery category. Through its subsidiaries, Tink’s, Dead Down Wind, and Obsession Bows, Arcus markets and manufactures a range of leading deer lures, attractants, scent control products, and premium bows. Arcus is actively seeking additional opportunities for investment in the archery and bowhunting industry. www.arcushunting.com
About Bregal Partners
Bregal Partners is a private investment firm that invests alongside outstanding management teams to build industry leading companies in the middle market. Areas of focus include branded consumer products, food, energy services, and healthcare. With $500 million of committed capital funded by a sixth-generation family foundation with roots back to 1841, Bregal Partners brings experience, stability, and a long-term outlook to all of its investments. Bregal Partners is part of Bregal Investments, a global family of investment vehicles that has invested more than $10 billion since 2002. www.bregalpartners.com