Founded in 1947, Michaels is an industry-leading manufacturer of accessories for the hunting, shooting sports and law enforcement markets. At the time of Endeavour's investment, Michaels had been named the Hunting and Shooting Sports Manufacturer of the Year for twelve consecutive years.
The company's product line consists of sling swivels, slings, holsters, gun lubricants, scope covers and a number of law enforcement and hunting related products sold under the "Uncle Mike's" brand.
Endeavour partnered with Michaels' management to acquire the company from Prudential Insurance in 1993. To raise the necessary amount of capital, Endeavour brought in several other equity partners.
During Endeavour's investment, the company made four acquisitions, including well-known shooting sport brands Butler Creek, Hoppes, Bore Snake and Stoney Point. Endeavour also assisted the company with a number of management additions. Endeavour exited its investment in 2005.
www.uncle-mikes.com |
