Eastern Outfitters, LLC
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Eastern Outfitters, LLC - overview
Location
-, NC, US
Primary Industry
Retail
About
Eastern Outfitters, LLC operates as a retailer focused on outdoor sporting goods. The company was acquired by GoDigital Media Group from Frasers Group for USD 70 mn in cash on May 26, 2022. It has no known subsidiaries or parent companies. The company's headquarters is in the United States, and it was founded as a standalone entity, though details about the founders are not specified.
Eastern Outfitters specializes in outdoor sporting goods, focusing on a diverse range of products tailored for fishing, hunting, and marine activities. Its core offerings include fishing gear such as lures, reels, terminal tackle, and apparel designed specifically for outdoor enthusiasts. The company also provides hunting accessories and apparel, along with marine electronics and equipment, catering to both recreational and professional users. With physical stores located in Hampstead and Jacksonville, North Carolina, Eastern Outfitters serves a customer base of local anglers, hunters, and outdoor sports enthusiasts primarily in the southeastern United States.
Eastern Outfitters reported revenue of USD 400,000,000 for the most recent year, 2015. The company generates revenue through direct sales to consumers via its retail locations, offering a straightforward pricing structure for goods. Its flagship products, such as trademarked fishing lures and hunting apparel, significantly contribute to its revenue stream, which appeals to both individual consumers and groups preparing for outdoor expeditions. With the recent acquisition, Eastern Outfitters plans to leverage the USD 70 mn investment to enhance product offerings and expand its market presence.
The company is working on launching new product lines aimed at outdoor enthusiasts. Additionally, it intends to explore opportunities for geographic expansion into regions with growing outdoor sporting interest, although specific markets and timelines are not detailed. The recent funding will be utilized to support these strategic initiatives.
Current Investors
GoDigital Media Group
Primary Industry
Retail
Sub Industries
Recreational Hobbies & Sporting Goods, Footwear, Recreational Product Stores, Clothing Stores
Website
https://easternoutfitter.com/
Total Amount Raised
Subscriber access only
Eastern Outfitters, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Eastern Outfitters, LLC | - | ||||||||
| Bankruptcy/Write-off | Completed | Eastern Outfitters, LLC | - | ||||||||
| Restructuring | Completed | Eastern Outfitters, LLC | - |
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