Quazar Capital Corporation is pleased to announce that their client, Nature Vision, Inc., (NASDAQ; NRVN) has acquired Fish Hawk Electronics.
OUR CLIENT– Nature Vision, Inc. is a publicly held corporation headquartered in Brainerd, Minnesota. An outdoor recreation products company, Nature Vision specializes in the ice-fishing, hunting, and fishing/marine industries.
THE SELLER– Fish Hawk Electronics is a privately held company based in Crystal Lake, Illinois. Fish Hawk is recognized as the industry leader in downrigger display technology, as well as water, light, and oxygen monitoring products. Fish Hawk products can be found in sporting goods stores, outfitters, and bait and tackle shops throughout the United States and Canada.
ENTER QUAZAR– Quazar was retained by Nature Vision to assist them with their goal to grow through acquisitions. Over a two-year period, Quazar worked with Nature Vision in making three strategic acquisitions in their target industries: Vector Teknologies, Fish Hawk Electronics, and Cass Creek International.
THE SITUATION– Quazar Capital Corporation worked closely with Nature Vision, Inc. to determine their acquisition objectives and to determine potential targets in the marketplace. After establishing a list of strong potential candidates, Quazar approached each prospect to determine their level of interest in selling their company or divesting a division. By outlining the potential of the future partnership, a number of candidates were identified and pursued.
THE RESOLUTION– “We are very excited about the addition of Fish Hawk to our company,” said Nature Vision, Inc. President and CEO, Jeff Zernov. “Their technology is a perfect complement to our Vector Downriggers.” As Nature Vision, Inc. continues to reinvent the outdoor experience, they believe that the Fish Hawk Electronics and Vector Teknologies partnership will help them become a major player in the Sport Fishing industry.