Cadre Holdings Completes Acquisition of Alpha Safety
04 Marzo 2024 - 7:30AM
Business Wire
Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a
global leader in the manufacturing and distribution of safety
equipment, has completed the Company’s previously announced
acquisition of Alpha Safety Intermediate, LLC, the operating parent
of Alpha Safety, a leading nuclear safety solutions company.
The purchase price for the acquisition was $106.5 million
(excluding working capital and certain other adjustments) and was
funded through available cash on the Company’s balance sheet and an
increase in term debt under its existing credit facility. Houlihan
Lokey acted as the exclusive financial advisor to Alpha Safety.
About Cadre Headquartered in Jacksonville, Florida, Cadre
is a global leader in the manufacturing and distribution of safety
products. Cadre's equipment provides critical protection to allow
users to safely and securely perform their duties and protect those
around them in hazardous or life-threatening situations. The
Company's core products include body armor, explosive ordnance
disposal equipment, and duty gear. Our highly engineered products
are utilized in over 100 countries by federal, state and local law
enforcement, fire and rescue professionals, explosive ordnance
disposal teams, and emergency medical technicians. Our key brands
include Safariland® and Med-Eng®, amongst others.
Forward-Looking Statements Please note that in this press
release we may use words such as “appears,” “anticipates,”
“believes,” “plans,” “expects,” “intends,” “future,” and similar
expressions which constitute forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are made
based on our expectations and beliefs concerning future events
impacting the Company and therefore involve a number of risks and
uncertainties. We caution that forward-looking statements are not
guarantees and that actual results could differ materially from
those expressed or implied in the forward-looking statements.
Potential risks and uncertainties that could cause the actual
results of operations or financial condition of the Company to
differ materially from those expressed or implied by
forward-looking statements in this release, include, but are not
limited to, those risks and uncertainties more fully described from
time to time in the Company's public reports filed with the
Securities and Exchange Commission, including under the section
titled “Risk Factors” in the Company's Annual Report on Form 10-K,
and/or Quarterly Reports on Form 10-Q, as well as in the Company’s
Current Reports on Form 8-K. All forward-looking statements
included in this press release are based upon information available
to the Company as of the date of this press release and speak only
as of the date hereof. We assume no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240301899579/en/
Gray Hudkins Cadre Holdings, Inc. 203 550 7148
gray.hudkins@cadre-holdings.com
Investor Relations: The IGB Group Leon Berman / Matt
Berkowitz 212 477 8438 / 212 227 7098 lberman@igbir.com /
mberkowitz@igbir.com
Media: Jonathan Keehner / Andrew Siegel Joele Frank,
Wilkinson Brimmer Katcher 212 355 4449
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