Clarus Corporation (US) → Rhino-Rack
completedDeal announced2021-06-01
BuyerClarus Corporation (US)
SellerRhino-Rack
SectorAutomotive Accessories
ValueA$273.0M
Deal typeM&A
US outdoor/automotive group Clarus Corporation acquired Australian roof-rack and accessories maker Rhino-Rack for a total purchase price of A$273 million (~US$205 million), closing 1 July 2021. Rhino-Rack generated A$115m TTM sales as of March 2021.
Why the buyer wanted it
Clarus wanted to add a leading automotive roof-rack and accessories brand to its outdoor products portfolio.
Why the seller agreed
Not publicly disclosed.
Stock reaction
Not applicable — Rhino-Rack was privately held.
Deal mechanics
Deal structure
A$194m cash plus approximately 2.3 million Clarus shares, plus an earn-out of up to A$10m contingent on a specified FY22 revenue target