08-24-2017, 02:14 PM
The Sierra family is likely cashing out. Valuations are high with consolidation so why not shop your biz? I'd wager good $ that everyone in the industry made a bid or at least took a look. Clarus has the tax losses to shelter income so their after tax returns will be higher, and hence the highest bid. This is probably the worst outcome from a consumer standpoint - hopefully Clarus' other money losing businesses don't suck too much out of Sierra
Let's go Brandon!