EOTech Sold to Private Management FirmMarch 30, 2020
L3Harris Technologies has sold EOTech to American Holoptics, an affiliate of Koucar Management. The transaction is expected to close in mid-2020 and is conditioned on customary closing conditions.
EOTech manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world. EOTech has an annual revenue of approximately $60 million.
In recent years EOTech has changed its optic line and introduced several new products including the Vudu line of rifle scopes.
Koucar Management, LLC is a privately held, Michigan-based company with a diverse portfolio of holdings and investments. Koucar Management has an investment strategy that firmly focuses on expansion within existing industries, bringing new vitality to acquired businesses and laying the groundwork for new ventures. With their recognized management strengths and ample financial resources, Koucar Management is providing growth capital and other resources to its portfolio of companies. Koucar’s vision is clear; motivated skilled partners & employees, significant financial strength and stability, a willingness to look beyond conventional performance measurements and an untiring commitment to its customers.
Jeremy Mallette is co-founder of International Sportsman, and an avid hunter and outdoorsman. His father taught him to shoot at age six, and he received his first firearm at age eight — a 1942 Colt Commando .38 special revolver. Jeremy enjoys collecting unique firearms, and shooting them.