Cadre Holdings, which provides safety and survivability equipment for first reponders, revived its IPO plans on Monday with a blank filing, disclosing plans to raise up to $156 million. The company had previously planned to raise $125 million by offering 7.1 million shares at a price range of $16 to $19, but postponed this past August. In its latest filing, the company also disclosed updated financials for the 1H21.
Operating under the segments Safariland and Med-Eng, Cadre Holdings manufactures and distributes equipment for law enforcement, military personnel, bomb squads, competitive shooters, and more. Its products include body armor, explosive ordinance disposal equipment, uniforms, optics, holsters, boots, firearms, ammunition, and crowd control products.
Cadre Holdings was founded in 2012 and booked $438 million in revenue for the 12 months ended June 30, 2021. The Jacksonville, FL-based company 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.
