Outdoor Recreation & Enthusiasts – April 2021

Heightened Consumer Demand Drives Elevated Merger and Acquisition Activity

Capstone’s April 2021 Outdoor Recreation & Enthusiasts Industry Update is now available, reporting that the increase in demand for socially distanced outdoor activities due to the pandemic has resulted in heightened outdoor equipment and sporting goods sales.  Leading industry participants have experienced healthy performance through 2020 and into 2021 driven by effective inventory management, customer engagement, and direct-to-consumer (DTC) capabilities.   

Included in this report:  

• Why merger and acquisition (M&A) activity surged in 2020 and has continued at a rapid pace in 2021
• Key areas that businesses have focused on to increasingly emphasize effective direct-to-consumer platforms and target younger demographics
• Top public companies that have experienced strong valuation growth, with average EBITDA multiples expanding compared to the prior year