Cadre Holdings to buy TYR Tactical for $175M

* Cadre Holdings (NYSE:CDRE [https://seekingalpha.com/symbol/CDRE]) has agreed to acquire [https://seekingalpha.com/pr/20283689-cadre-holdings-to-acquire-tyr-tactical] Peoria, Arizona-based tactical gear maker TYR Tactical for $175.0 million cash and stock deal.
* The transaction is anticipated to close in the first half of 2026, subject to the satisfaction of customary closing conditions. The total consideration includes $150.0 million of cash at closing and $25.0 million of Cadre common stock, of which $1.0 million will be in the form of restricted stock unit awards to be granted to certain employees of TYR Tactical.
* The seller may also receive up to $25 million in additional earn-out payments, payable in cash, unregistered common stock, or a mix of both at the company’s discretion, if certain net revenue targets are met in 2026, 2027, and 2028.
* The addition of TYR Tactical, which produced around $92.6 million of revenue in the year ended December 31, 2024, is expected to be immediately accretive to earnings and adjusted EBITDA margins.

MORE ON CADRE HOLDINGS

* Cadre Holdings, Inc. (CDRE) Analyst/Investor Day Transcript [https://seekingalpha.com/article/4828675-cadre-holdings-inc-cdre-analyst-investor-day-transcript]
* Cadre Holdings, Inc. (CDRE) Analyst/Investor Day - Slideshow [https://seekingalpha.com/article/4828668-cadre-holdings-inc-cdre-analyst-investor-day-slideshow]
* Cadre Holdings: Nuclear Is Not A Magic Word [https://seekingalpha.com/article/4820239-cadre-holdings-nuclear-not-magic-word]
* Cadre targets 10.5% revenue growth in 2025 amid robust M&A pipeline and nuclear sector expansion [https://seekingalpha.com/news/4480952-cadre-targets-10_5-percent-revenue-growth-in-2025-amid-robust-m-and-a-pipeline-and-nuclear]
* Seeking Alpha’s Quant Rating on Cadre Holdings [https://seekingalpha.com/symbol/CDRE/ratings/quant-ratings]