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Sportsman’s Warehouse and Great Outdoors Nix Merger

  • Sportsman’s Warehouse and Great Outdoors have called off a merger.
  • The two companies first agreed to a deal in December 2020.
Nathan Papes/Springfield News-Leader/Design: Alex Brooks

Outdoor sporting goods retailer Sportsman’s Warehouse and Great Outdoors Group, the parent company of Bass Pro Shops, have terminated plans of a merger, according to a regulatory filing. 

Great Outdoors first agreed to acquire Sportsman’s Warehouse in December 2020 for roughly $800 million. The merger is now off following feedback from the Federal Trade Commission indicating the two companies would not receive clearance to close the deal. 

As a result, Great Outdoors will pay a $55 million termination fee to Sportsman’s Warehouse. 

It is believed the deal would not be approved due to a call for regulators to boost competition across all industries following an executive order signed in July by President Joe Biden. 

The regulatory pushback adds to a turbulent financial year for Sportsman’s Warehouse, which has a market value of $743 million

  • The Utah-based company reported $361.8 million in sales in fiscal Q2 2021, down $19.2 million compared to the same period last year.
  • The company saw same-store sales decrease 9.9% during the fiscal second quarter compared to fiscal Q2 2020.
  • It attributed the lackluster performance in fiscal Q2 2021 to lower demand across its fishing, camping, hunting, and shooting categories. 

A privately held company, Great Outdoors generated $7.1 billion in revenue in the 12 months ended Sept. 26, 2020, according to investor service Moody’s. Great Outdoors merged with Cabela’s in 2017 in a deal valued at $4 billion.

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