Continuing its recent buying spree, including its purchases of Ocean Rodeo and MTI Adventurewear, Mustang Survival has announced the acquisition of the Government and Commercial Marine business of Stearns.
The products will be integrated into Mustang Survival’s assortment of PFDs and lifesaving appliances, complementing its offerings in these segments. The move establishes Mustang Survival as the dominant trusted industry leader in commercial marine performance products.
“Mustang Survival exists to deliver confidence and the ultimate experience on the water for those that work, serve, or for recreation,” says Mustang Survival president Jason Leggatt. “We are obsessed with protecting and enhancing the performance of government and professional consumers because they use the products constantly and prove the durability and excellence of a great product solution. These markets are truly where steel sharpens the steel. In addition to the obvious growth this provides for us in core markets, the deal is extra exciting because many of the products acquired will be made onshore in our owned North American manufacturing sites.”
Mustang Survival’s CEO, Andrew Branagh, who oversees the Wing Group including Mustang Survival and sister companies, has been expanding the Wing Group’s power and presence with acquisitions aligned to its values and mission.
“The Wing Group is deeply embedded with top-tier government and professional users across our family of companies,” he says. “Stearns represented an incredible opportunity for Mustang Survival to be increasingly relevant to this strategic and valued customer base. I am incredibly proud of how everyone in our company continues to demonstrate the entrepreneurial spirit of a little company, while we have grown immensely during the last eight years”.
Read Q&A with Mustang Survival’s Josh Horoshok HERE
Mustang Survival is currently working to transition the acquired product lines into its operations and will work with customers and suppliers to develop a smooth transition. The acquired product lines and intellectual property will be branded Mustang Survival going forward and will be showcased and sold via Mustang Survival’s valued reseller partners and its website.
About Mustang Survival: Established in 1967 by Irv Davies, the inventor of the world’s first Floater Coat, Mustang Survival has been designing and manufacturing lifesaving solutions for more than 50 years. Through constant innovation and inspired technical solutions, Mustang Survival strives to bolster performance, encourage exploration and inspire adventure in the marine environment. Headquartered in Burnaby, BC, Canada, Mustang Survival has more than 250 associates across the US and Canada. Info: www.mustangsurvival.com.
About The Wing Group: The Wing Group is the world leader in inflatable boats, life rafts, flotation, dry suits and other tactical and survival solutions for recreational, commercial and military customers. Built on 200 years of combined experience, The Wing Group and its companies (Wing Inflatables, Henshaw Inflatables, Patten Company, FabTek Industries, and Mustang Survival) have developed an unparalleled reputation for highly technical, high quality customer solutions – whether it’s a private yacht deploying an expeditionary craft, a fighter jet pilot requiring an aviation life raft, a rescue swimmer requiring protection in arctic conditions or a special forces unit depending on high performing combat rubber raiding craft. The Wing Group delivers confidence to the world’s most demanding marine and aviation users through innovative and high-quality technical solutions – on, over and under the water.