Cadre Holdings, which provides safety and survivability equipment for first reponders, announced terms for its IPO on Tuesday.
The Jacksonville, FL-based company plans to raise $125 million by offering 7.1 million shares at a price range of $16 to $19. At the midpoint of the proposed range, Cadre Holdings would command a market value of $606 million.
Cadre Holdings manufactures and distributes equipment that provides protection to users in hazardous or life-threatening situations. The company provides body armor, explosive ordinance disposal equipment, uniforms, optics, boots, firearms, and ammunition. Its user base is primarily made up of government and regulatory bodies.
Cadre Holdings was founded in 2012 and booked $417 million in sales for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol CDRE. Stifel, Raymond James, Truist Securities, and Stephens Inc. are the joint bookrunners on the deal.
