Clarus Buys Protective Case Company S.K.B.
CLAR which hinted on its Q4 earnings call that it was acquiring another “super fan” brand, will pay $85 million in cash and 1,153,846 shares of its stock for the Orange, CA-based maker of molded polymer transport cases. At Clarus’ current share price of $9.61, the total value of the deal is $96 million, or about 10x S.K.B.’s 2019 adjusted EBITDA of $9.5 ... Log in to view full article.
