The Compass Diversified subsidiary will add the crossbow company for $94 million plus a possible earnout that could net the sellers as much as $25 million more. Ravin will join other outdoor portfolio brands Crosman and Benjamin airguns, Center Point Archery and Optics, LaserMax, Copperhead and GameFace Airsoft as part of its Velocity Outdoor Group. CODI said Ravin specializes in upper-end cross bows and has significant intellectual property rights such as HeliCoil and Frictionless Flight that produced revenue of $46 million. It added that the acquisition will be accretive, which certainly suggests it was highly profitable given the purchase price. ... Log in to view full article.