dannefaerd
20-11-2006, 21:36
The competition between National Paintball Supply, Inc. ("NPS") and Pursuit Marketing, Inc. ("PMI") has turned to cooperation, as the two paintball industry pioneers have announced a business combination.
NPS and PMI today announced they have closed separate transactions which have the effect of combining their operations. Angelo, Gordon & Co., a $10 billion alternative asset management firm, with advice from Sagent Advisors Inc., an investment banking firm in New York, provided the equity capital to facilitate the transactions. The combined company will be a full-service provider of the broadest range of paintball products and accessories with a foundation built upon paintball's premier brands. Terms of the transactions were not disclosed.
The history of the companies goes back decades. In the spring of 1982, Jeff Perlmutter and David Freeman visited a "Survival Game" location located a couple of hours from Chicago. They both had a great time and came up with a great idea. Their concept was to develop and sell a line of high-quality products that could be used in this game that they enjoyed so much. Over the next 24 years, the two entrepreneurs introduced such brands as R.P., Pure Energy, Piranha and Evil and they grew their idea into PMI, which is now one of the best known and most respected suppliers in the world of paintball.
Original Linkage (http://www.68caliber.com/story042056.php)
NPS and PMI today announced they have closed separate transactions which have the effect of combining their operations. Angelo, Gordon & Co., a $10 billion alternative asset management firm, with advice from Sagent Advisors Inc., an investment banking firm in New York, provided the equity capital to facilitate the transactions. The combined company will be a full-service provider of the broadest range of paintball products and accessories with a foundation built upon paintball's premier brands. Terms of the transactions were not disclosed.
The history of the companies goes back decades. In the spring of 1982, Jeff Perlmutter and David Freeman visited a "Survival Game" location located a couple of hours from Chicago. They both had a great time and came up with a great idea. Their concept was to develop and sell a line of high-quality products that could be used in this game that they enjoyed so much. Over the next 24 years, the two entrepreneurs introduced such brands as R.P., Pure Energy, Piranha and Evil and they grew their idea into PMI, which is now one of the best known and most respected suppliers in the world of paintball.
Original Linkage (http://www.68caliber.com/story042056.php)