Cadre Holdings Inc. announced a $175 million agreement Oct. 29 to buy Arizona-based TYR Tactical LLC, a maker of tactical equipment for military, law enforcement and government agencies.
Jacksonville-based Cadre, which makes products for law enforcement and other first responders, said TYR produced $92.6 million in revenue in 2024.
Cadre has been projecting revenue of $624 million to $630 million this year and has been seeking to grow through acquisitions.
“TYR Tactical brings world-class engineering capabilities and a global reach, which importantly includes relationships with key military customers in northern Europe, that we believe will help Cadre unlock new growth opportunities in high-value end markets,” Cadre CEO Warren Kanders said in a news release.
“Along with our recent acquisitions in the nuclear and robotics markets, this transaction reflects our ongoing commitment to expanding our portfolio and enhancing the Company’s market leadership across categories through disciplined M&A,” he said.
“In the last 24 months, including this transaction, we will have deployed over $400 million in pursuit of this strategy, and we continue to see robust M&A pipelines in both the public safety and nuclear markets.”
Cadre will pay $150 million in cash and issue $25 million in stock to buy family-owned TYR.
The company expects to complete the deal in the first half of 2026.