Norwest Mezzanine Partners Invests in Crosman Corporation
February 10, 2004
Norwest Mezzanine Partners invested $14.0 million of senior subordinated debt and $3.0 million of equity in Crosman Corporation (“Crosman”), the world’s leading manufacturer of recreational airgun and paintball products. Headquartered in East Bloomfield, NY, Crosman is the preeminent brand in the airgun industry and markets a full line of air rifles, air pistols, airgun consumables, and accessories. Crosman owns the trademarked brands Crosman, Benjamin Sheridan, Copperhead, Game Face, and Crosman Soft Air, and has licensing and distribution rights with Remington, Walther, Colt, Smith & Wesson, Beretta, and Logun.
The Compass Group served as the private equity sponsor on this transaction. Visit www.compassequity.com for more information.