Cadre Holdings, which provides safety and survivability equipment for first reponders, raised $78 million by offering 6 million shares at $13, within the range of $12 to $14. The company offered 0.2 million more units than anticipated.
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 plans to list on the NYSE under the symbol CDRE. Stifel, Raymond James, B. Riley Securities, and Stephens Inc. acted as joint bookrunners on the deal.
