Trending...
- Reserve Cup Series Unveiled: Reserve Cup Returns to Miami, Expands to Three Major Cities with New Elite Series Format
- PulteGroup breaks ground on new mortgage-free home for Wounded Veteran in Wells Landing
- New Indoor Pickleball Lounge and Award-winning "Eatertainment" Concept Now Open in Orlando
JACKSONVILLE, Fla.--(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.
More on The Floridant
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.
More on The Floridant
Contacts
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
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.
More on The Floridant
- Kurt Busch Returns to Racing at The Race Of Champions in Sydney, Australia
- Latest Updates to Pennsylvania Medical Malpractice and Birth Injury Law
- Best Plant Varieties for Windbreaks and Shelterbelts
- Shell Factory & Nature Park announces additional online auctions of remaining inventory
- Southwest Florida Proton hires Dr. Shannon MacDonald as medical director
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.
More on The Floridant
- 12th Annual Miami Schools Conference to gather leading educators and experts on February 1 i
- Genuine Hospitality, LLC Expands Leadership Team with Key Appointments
- Dezerland Park Orlando to host Decade Days January 24-26
- New-and-Improved Caribbean-Food Website Dishes Out Free Ground-Shipping Offer; Affiliate Program Garnished with Generous Commission
- Better Together, The Journey Church to host community job fair Jan. 22 in Fernandina Beach
Contacts
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
Filed Under: Business
0 Comments
Latest on The Floridant
- Jacksonville: CITY OF JACKSONVILLE ISSUES HEATING SAFETY TIPS WITH CONTINUED COLD WEATHER
- Jacksonville: CITY OF JACKSONVILLE UPDATE ON HOMELESS OUTREACH EFFORTS
- Protecting the Integrity of Basketball's Highest Honor in Sportsmanship
- Pearl White Media Expands E-Commerce Web Design Services to Florida
- Comp-U-Floor ERP to Showcase All-in-One Flooring Software at TISE 2025
- "Cannabis Industry Dream Team" Launches GreenFlow Systems to Revolutionize Manufacturing Standards
- Crestview Embroidery Launches T-Shirt Printing Services for Local Businesses and Schools
- Bill Edwards Honored with Tampa Bay Lightning Community Hero Award for Exceptional Community Service
- Sequentex Announces Strategic Partnership with OTAVA
- Former Undercover Officer Unveils Thrilling Mafia Tales in New Book, Ten Seventy Eight
- 3 Simple Ways to Save on Payroll in 2025: Insights from Halfpricesoft's Latest Research
- Pawganja Token: Redefining Cryptocurrency with Transparency and Philanthropy
- TD Charitable Foundation Awards Goodwill $5K to support the MicroEnterprise Institute
- Alex Katz- Portraits and Landscapes Through the Seasons
- Sunshine Ace Hardware's Holiday Round Up nets $57,605 for Children's Miracle Network
- Smart Desk by Lesmo Living: Redefining the Modern Workspace
- Investor Workshop at Mar-A-Lago, $27 Million for Acquisitions and Drug Treatment of Suicidal Depression: NRx Pharmaceuticals, Inc. (Stock S: NRXP)
- Tickets available for Wonder Gardens' 2025 Gala: An Enchanted Oasis
- Lake Austin Home with Private Boat Slip Set for Sale at Luxury Auction® Jan 18
- EFLOW FX Launches AI Agent ΣΦW f(x) for Record Returns