Snapper
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Snapper - overview
Established
1890
Location
Milwaukee, WI, US
Primary Industry
Retail
About
Snapper specializes in the design and manufacturing of outdoor power equipment, including lawn mowers and generators, tailored for both residential and commercial use. Their innovative products emphasize durability and user-friendliness. Founded in 1890 in Milwaukee, US, Snapper produces outdoor power equipment designed for efficiency in lawn care. The company was acquired by Simplicity Manufacturing Inc, a unit of Kohlberg & Co LP, for USD 73.
3 mn in cash and liabilities on November 27, 2002. The current CEO, Miki Szikszai, has guided the company through its strategic growth while maintaining its legacy in lawn care innovation. Snapper offers a wide range of outdoor power equipment including push mowers, riding lawn mowers, and zero-turn mowers, as well as generators, pressure washers, and snow blowers. These products are engineered for both residential and commercial markets and are marketed primarily in North America, Europe, and the Middle East and Africa, catering to customers from home buyers to professional landscapers.
Snapper generates revenue through direct sales and partnerships with retailers and dealers, focusing on both B2B and direct-to-consumer transactions. Customers can purchase Snapper’s products through authorized dealerships or online platforms, supported by promotional offers like rebates and financing programs to enhance customer engagement. Snapper aims to introduce new products in the near future, including an expanded line of lithium-ion battery-powered equipment. The company is targeting growth in international markets, specifically in Europe and the Middle East, by 2025.
Recent funding from Simplicity Manufacturing will be utilized to support these product innovations and market expansions.
Current Investors
Simplicity Manufacturing
Primary Industry
Retail
Sub Industries
Home Improvement & DIY
Website
www.snapper.com
Verticals
Manufacturing, Wearables & Quantified Self
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Snapper - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Snapper | - |
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