- Cadre Holdings (CDRE, Financial) completes acquisition of Carr's Engineering Division for £75 million.
- The acquisition, funded through incremental term debt, enhances Cadre's nuclear safety offerings.
- Key brands acquired include Wälischmiller GmbH, CarrsMSM, and Bendalls Engineering.
Cadre Holdings, Inc. (CDRE), a leading provider of safety equipment for various sectors including law enforcement and military, has finalized its acquisition of Carr’s Engineering Division. The acquisition, valued at £75 million, was completed using incremental term debt as part of the company's updated credit facility from December 2024.
The purchase includes renowned brands like Wälischmiller GmbH, CarrsMSM, Bendalls Engineering, NW Total Engineered Solutions, and NuVision Engineering, Inc., though it excludes Chirton Engineering. This strategic move is expected to bolster Cadre's presence in nuclear safety and diversify its offerings across international markets.
Warren B. Kanders, Chairman and CEO of Cadre, noted the complementarity of these brands with Cadre’s existing portfolio, expressing optimism about entering new product categories. This acquisition aligns with Cadre’s growth strategy, aiming to expand its market reach and product innovations.
