Compass Diversified (CODI), the former owner of Camelbak, has bought Ravin, a company that develops high-end cross bows, through one of its subsidiaries, Velocity Outdoors. It is paying $94 million with a possible earnout of as much as $25 million for Ravin, which had sales of $46 million last year. Ravin will join many other similar brands in Velocity's portfolio such as Crosman, Benjamin, Center Point & Optics, LaserMax, Copperhead and GameFace Airsoft.
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