TGV Partners and Wild Communications have acquired Horton Archery, a Tallmadge, Ohio-based maker of crossbows and other archery equipment. No financial terms were disclosed.
Gregg Ritz’ Wild Communications and the private equity firm TGV Partners today announced the acquisition of substantially all the assets of Horton Archery, the Outdoor industry’s oldest and leading producer of premium crossbows and archery equipment.
WildComm is the Outdoor marketing and media production company that Gregg Ritz, noted professional hunter and producer of Outdoor hunting TV shows, established after the former President of Thompson/Center Firearms and his private equity backers, TGV Partners, successfully sold T/C to Smith & Wesson in 2007. TGV Partners, a 20-year old private equity firm focused on middle-market buyouts of Outdoor & Consumer brands, originally backed Ritz in the buyout of T/C.
Horton Archery, located in Tallmadge, Ohio, manufactures and distributes crossbows recognized by hunting enthusiasts for their precision, performance, and reliability. The transaction will provide Horton Archery access to the significant capital resources of Ritz and TGV Partners and to the product development and strategic marketing capabilities of the WildComm management team.
The purchase includes both of Horton Archery’s Tallmadge, Ohio and Changzhou, China facilities, which produce all of the company’s products. Gregg Ritz, will be joining the Horton Archery team as CEO. Noted Ritz, “Horton is a legacy brand that has championed the use of crossbows in the archery seasons for over 50 years. We believe crossbows are a platform to introduce gun hunters to the sport of archery that will increase the number of days our hunters spend in the field and help to keep our hunting heritage and industry healthy.” Brad Cousins, COO of Horton Archery added, “the team at WildComm is known industry wide for their development of the iconic Thompson/Center brand and their ability to execute a dynamic new products and marketing strategy that excites the consumer to participate in the sport.”
About Horton Archery, LLC
Horton Archery, headquartered in Tallmadge, Ohio, is a leading designer, manufacturer, and marketer of crossbows and archery accessories under the Horton brand. For more information, log on to www.crossbow.com.
WildComm, is a recognized leader in outdoor marketing and media. In addition to developing dynamic marketing programs for professional hunters, the company produces, manages and represents several top rated hunting television shows on the Outdoor Channel and ESPN networks to include the Bone Collector, The Crush, ProHunter Journal and Whitetail Freaks. The Company is based in Covington, GA and is focused to building dominant brands. For more information, call (603) 610-8406 or log on to www.wildcomm.com.
About TGV Partners, LLC
Founded in 1990, TGV Partners is a private equity firm focused on middle-market buyouts and growth capital investments in Outdoor and Consumer branded companies. Based in Newport Beach, CA, TGV Partners concentrates on building long-term strategic value in brand-driven businesses. For more information, log on to www.tgvpartners.com.