Safariland, Inc. acquired by Armor Holdings, Inc.

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Transactions

Safariland, Inc. has been acquired by Armor Holdings, Inc.

Kerlin was engaged to complete merger negotiations resulting from a longstanding discussion between Safariland and Armor Holdings, a New York Stock Exchange company. Kerlin was able to recognize the strategic importance of this acquisition to Armor Holdings and recommended to the sellers that they substantially increase price expectations. Kerlin communicated the increased valuation to the potential buyer and when Armor Holdings refused to increase its price target, Kerlin advised Safariland to terminate discussions. Six months later, Armor Holdings made a significantly improved proposal and the company was sold to Armor Holding at a price 40% above the earlier offer.