Mustang Survival, the Burnaby, British Columbia-based manufacturer of apparel and safety gear for paddle sports, sailing, fishing and boating, has acquired the commercial and government business of Stearns.
Founded in the 1920s, Stearns produces recreational gear as well as military-grade jackets, dry suits, search-and-rescue and tactical gear and PFDs.
Mustang said in a statement that the “depth and breadth provided by merging Stearns products establishes [them] as the dominant trusted industry leader in commercial marine performance products.”
“Mustang Survival exists to deliver confidence and the ultimate experience on the water for those that work, serve, or for recreation,” said president Jason Leggatt.
“The deal is extra exciting because many of the products acquired will be made onshore in our owned North American manufacturing sites.”
The Wing Group, which owns Mustang Survival, said the acquisition will allow the company to build on its commercial portfolio.
“The Wing Group is deeply embedded with top-tier Government and Professional users across the family of companies. Stearns represented an incredible opportunity for Mustang Survival to be increasingly relevant to this strategic and valued customer base,” said CEO Andrew Branagh.
The acquired product lines will be branded Mustang Survival going forward and will be sold via Mustang Survival’s channels.
The acquisition marks the second for Mustang Survival in 2021. Earlier this year, the company added Ocean Rodeo, a manufacturer of dry wear for water-sports enthusiasts, professional athletes and commercial maritime use.