Lew’s and Strike King Sold to BDT Capital Partners
LEXINGTON, S.C. — Lew’s Holdings Corporation (“Lew’s”), a leader in the U.S. fishing equipment market, today announced that it has partnered with BDT Capital Partners (“BDT”), a merchant bank that provides family- and founder-led businesses with long-term, differentiated capital. BDT will be making a majority investment in the company to fund its next phase of growth.
Following this transaction, Peak Rock Capital and its affiliates will exit their investment. Headquartered in Lexington, South Carolina, Lew’s will continue to be led by the current CEO Ken Eubanks and the existing management team. The transaction is anticipated to close in the next several weeks, subject to HSR and other customary closing conditions. Additional terms of the partnership were not disclosed.
Lew’s has grown into a leading fishing equipment and outdoor consumer brand along with the acquisitions of several iconic founder- and family-owned businesses, including Strike King and Hunters Specialties. The partnership with BDT will help accelerate the company’s growth, further enhancing its product innovation and branded fishing equipment offerings. According to the Outdoor Foundation, sports fishing represents one of the most popular outdoor recreational activities in the U.S., ahead of biking, tennis and golf, with an estimated 49 million participants.
“We are thrilled that BDT Capital Partners will continue to support Lew’s as a long-term partner in its continued growth. With their expertise and support, we’ll have the resources to further invest in the company’s strategy to provide product innovation for consumers and industry leading retail support and service,” said Ken Eubanks, CEO of Lew’s Holdings Corporation. “BDT brings a long-term focus and extensive experience partnering with and growing iconic brands like ours that have historically been family and founder-owned. They share our values, and their support will be invaluable as we look to continue to drive growth both organically and through acquisitions.”