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-   -   GI buys Tippmann? (http://www.mcarterbrown.com/forums/paintball-news/246908-gi-buys-tippmann.html)

Valafar 12-03-2013 07:05 PM

GI buys Tippmann?
 
Has anyone else heard about this? I've seen a bunch of rumors floating around on Facebook and wanted to see if anybody else has heard this? Also, if it is true, what could it mean to Tippmann? Personally, I've never really been a big fan of GI Sportz but have been a big fan of tippmann for a long time.

heinous 12-03-2013 07:14 PM

isn't tippmann a shell of its former self anyway? the whole drop in quality kinda hurt it?

hellion360 12-03-2013 07:49 PM

I hadn't heard this, GI is a major distributor of Tippmann since they bought Procaps.
I will have to investigate.

Horizon 12-03-2013 09:13 PM

Who owns Tippmann now? Isn't it K2 or some huge international sports corp?

Axel 12-03-2013 09:16 PM

A non-industry-specific conglomerate bought it in 2004. They aren't affiliated with K2. In fact, didn't Kee end up with K2's assets somehow?

*sigh* :(

Here we are:
http://www.summitpartners.com/invest...nt-equity.aspx

Spider! 12-03-2013 10:31 PM

Quote:

Originally Posted by Axel (Post 2855288)
A non-industry-specific conglomerate bought it in 2004. They aren't affiliated with K2. In fact, didn't Kee end up with K2's assets somehow?

*sigh* :(

Here we are:
http://www.summitpartners.com/invest...nt-equity.aspx

Hmm, belkin and tippmann...

bassfisher 12-04-2013 01:54 AM

one would think with the same parent company owning all those software companies that tippmann could make a decent board.

OPBN 12-04-2013 10:42 AM

Seems like a pretty diverse portfolio, Tippmann kinda sticks out like a sore thumb though. How do you go from all those software/tech companies to a paintball marker manufacturer? Odd.

desertT1 12-04-2013 10:49 AM

I've seen that group before with their (now previous) ownership of Tippmann. On their 'about' portion, it shows that they either try to take the company public or sell their portion after it experiences growth. You aren't taking Tippmann public, but if they got in around 2004 like they say, they probably had some good growth years. They also contracted a good chunk over the last 5 years too.

Axel 12-04-2013 02:55 PM

Quote:

Originally Posted by OPBN (Post 2855649)
Seems like a pretty diverse portfolio, Tippmann kinda sticks out like a sore thumb though. How do you go from all those software/tech companies to a paintball marker manufacturer? Odd.

I think I remember reading an article when the company was sold stating that it fit into an outdoor and athletic equipment segment at Summit.


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