Northern Tool Buying Sportsman's Guide, Golf Warehouse in $215 Million Deal
Burnsville, Minn.-based Northern Tool + Equipment said it's acquiring The Sportsman's Guide, a catalog supplier of outdoor goods based in South St. Paul, Minn. It's also purchasing The Golf Warehouse, an online golf equipment retailer based in Wichita, Kan. Together, the deals are worth $215 million, Northern Tool officials said Thursday, Nov. 8. The deals will transform family-owned Northern Tool and give it nearly $1.5 billion in annual sales. The deal still must be approved by antitrust officials.