EOTech Sold to Private Management Firm
March 30, 2020
L3Harris Technologies has sold EOTech to American Holoptics, an affiliate of Koucar Management. The transaction is expected to close in mid-2020 and is conditioned on customary closing conditions.
EOTech Bought
EOTech manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world. EOTech has an annual revenue of approximately $60 million.
In recent years EOTech has changed its optic line and introduced several new products including the Vudu line of rifle scopes.
“We're proud to sign this agreement to join our team and technology with the EOTech brand. EOTech brings together technologically advanced product lines and production capabilities that will integrate well with our existing business and strategically expand our product portfolio. Together we will deliver an all-new level of service, innovation, and integrity to military, law enforcement and civiMatt Van Haaren, CEO of American Holopticsn users around the world.”
Koucar Managment
Koucar Management, LLC is a privately held, Michigan-based company with a diverse portfolio of holdings and investments. Koucar Management has an investment strategy that firmly focuses on expansion within existing industries, bringing new vitality to acquired businesses and laying the groundwork for new ventures. With their recognized management strengths and ample financial resources, Koucar Management is providing growth capital and other resources to its portfolio of companies. Koucar’s vision is clear; motivated skilled partners & employees, significant financial strength and stability, a willingness to look beyond conventional performance measurements and an untiring commitment to its customers.
Jeremy Mallette is co-founder of International Sportsman. An avid hunter and outdoorsman, he has spent more than a decade in the outdoor industry, from hiking and camping to silencers and hunting. His father taught him to shoot at age six, and he received his first firearm at age eight — a 1942 Colt Commando .38 special revolver. He enjoys yearly trips to Kansas for pheasant hunting, spending time with his children at the deer lease, and collecting unique firearms.