Type: News Releases
August 7, 2015 – Global law firm Reed Smith LLP recently represented Vista Outdoor Inc. (NYSE: VSTO), a Utah-based outdoor sports and recreation company, in its acquisition of Jimmy Styks LLC.
The transaction allows Vista Outdoor access to the growing water sports market and expands the company’s portfolio to include stand-up paddle boards (SUP). Jimmy Styks, based in Huntington Beach, California, is the nation’s leading designer and marketer of SUPs. Vista Outdoor paid $40 million in the all-cash transaction, with additional contingent consideration payable if incremental profitability growth milestones are achieved over the next three years.
Led by Philadelphia-based partner Paul Jaskot, the Reed Smith deal team included significant contributions from associates Chris Sheaffer and Samantha Peruto, partner Leo Hitt, and partner John Martini, practice group leader of the Corporate & Transactional Advisory Group.
The Reed Smith Corporate & Transactional Advisory Group offers a deep bench of experience in a wide array of areas, including mergers & acquisitions, capital markets and emerging growth/venture capital.
About Reed Smith
Reed Smith is a global relationship law firm with more than 1,800 lawyers in 26 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, entertainment and media, shipping and transport, energy and natural resources, real estate, manufacturing and technology, and education. For more information, visit reedsmith.com.
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