10 July 2015
“[Recreational products] is not a sector that’s an outlier, in terms of transactional activity. There are consumer tailwinds behind the growth of these companies,” Bruce Cohen, retail and private equity strategist at Kurt Salmon, explains to The Deal, referencing the similarities between sporting goods and food retailers in reflecting upon the growth of transactional activity in the recreational products space. “There’s also a rapidity factor. The average consumer isn’t going to buy another bicycle, fly-fishing rod or set of skis nearly as often as that consumer can indulge in another hamburger,” he adds. “Nevertheless, both categories are, to some extent, reflections of the lofty equities market, not to mention the ever-accommodating credit market,” Cohen concludes.