Rapala VMC Acquires Remaining Stake in DQC International (13 Fishing)

Rob Jablonski and Valiant Wealth Acquire Vexilar and AWC Distributing

October 16, 2023

Consumer Products

In October 2023, Vexilar and AWC Distributing (d/b/a K-Drill) — two Bloomington, Minnesota-based companies that develop and sell ice-fishing products — were sold 100% to investor Rob Jablonski and financial buyer Valiant Wealth. Cherry Tree advised the companies and their shareholders on the sale, which transfers ownership while aiming to preserve the businesses’ product lines, customer service and employee environment.

Pure Fishing Acquires Svendsen Sport

February 22, 2022

Consumer Products

Pure Fishing, Inc. has acquired Denmark-based Svendsen Sport, owner of European fishing brands including Savage Gear, Prologic, MadCat, WaterWolf and DAM. The deal strengthens Pure Fishing's European brand portfolio and sales coverage, adding over 180 people in Europe; financial terms were not disclosed.

Catch Co. Acquires Recur Outdoors

September 3, 2021

E-Commerce

Catch Co., the subscription- and ecommerce-focused fishing brand operator behind Mystery Tackle Box and Karl's Bait & Tackle, has acquired Boston-based Recur Outdoors (including its Postfly brand). The terms were not disclosed; Catch Co. said the deal expands its fly-fishing offerings and complements its recently scaled retail distribution following a $38 million Series B.

Continuum Ventures Acquires Majority Stake in Walstrom Marine

June 15, 2021

Retail

Continuum Ventures, the investment management company for Doug and Maria DeVos, has acquired a majority ownership stake in Walstrom Marine as part of the company's long-term succession plan. Colony Marine and the James Mestdagh family took minority stakes, while the Ward Walstrom family remains a minority owner and Tom Ervin continues as President. The investment aims to support growth and preserve Walstrom’s family-run full-service boating operations across Northern Michigan.

Vision Marine Technologies Acquires Nautical Ventures Group

June 23, 2025

Retail

Vision Marine Technologies (NASDAQ: VMAR) acquired Nautical Ventures Group, a Florida-based recreational boat dealership, marina, and service provider operating nine retail locations. The acquisition gives Vision Marine direct retail and service distribution for its E-Motion high-voltage electric propulsion systems and expands the company's direct-to-consumer sales, installation, and aftermarket service capabilities.

Fox Factory Acquires Marucci Sports from Compass Diversified for $572 Million

November 2, 2023

Consumer Products

Fox Factory Holding Corp. completed the acquisition of Wheelhouse Holdings, Inc., the parent of Marucci Sports LLC, from Compass Diversified for an enterprise value of $572 million. The deal, which closed in November 2023, brings Marucci's premium baseball and softball brands into FOX's Specialty Sports Group to drive revenue diversification, engineering and sourcing synergies, and expanded end-market reach.