BGL Announces the Sale of TRUGLO
Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of TRUGLO, Inc. (TRUGLO) to GSM Outdoors (GSM). BGL’s Consumer Group served as the exclusive financial advisor to TRUGLO in the process. The specific terms of the transaction were not disclosed.
The transaction furthers BGL’s market-leading position in outdoor enthusiast investment banking, advising companies across a range of branded consumer products. In addition, TRUGLO’s fast-growing outdoor gear eCommerce business provides significant growth opportunities and represents another core area of focus for BGL’s Consumer Group.
Founded in 1993, TRUGLO invented the first multicolor fiber-optic archery pin sight. Today, the company is a leading worldwide brand focused on recreational shooting sports and archery enthusiasts. Its portfolio of innovative, patent-protected products is sold to a diversified base of top-tier retailers, dealers, distributors, and original equipment manufacturers (OEMs) throughout the U.S.
GSM Outdoors is a leading multi-brand developer, manufacturer, marketer, and online retailer. The company sells a wide offering of branded consumables, accessories, and gear, with a focus on industry-leading technological innovation. GSM Outdoors’ culture of innovation and history of first-to-market product launches, and its rigorous quality control and customer-responsiveness has earned it a reputation as the partner of choice for both brick-and-mortar and online retailers in the enthusiast sportsman and rugged outdoor categories. The company sells through a diverse mix of channels, including direct eCommerce, online retailers, sporting goods stores, mass merchants, outdoorsman retailers, farm and fleet stores, and dealers/distributors across the U.S. and Canada.
BGL’s Consumer Group has an extensive track record in mergers and acquisitions advisory and capital-raising services spanning the entire consumer retail spectrum, with deep experience in branded consumer and eCommerce investment banking. BGL’s Consumer bankers offer market-leading technical expertise, positioning strategies, and growth-oriented projection models to ensure branded and managed marketplace eCommerce DTC & B2B platforms are optimally positioned. The team focuses on providing market participants with expert insights into the trends influencing their business, and helping them identify and harvest strategic opportunities in an increasingly complex marketplace.