09:46 AM EDT, 10/29/2025 (MT Newswires) -- Cadre (CDRE) said Wednesday it agreed to buy TYR Tactical, a privately-held maker of tactical gear and protective equipment, for about $175 million in cash and stock.

The safety equipment manufacturing company said the deal includes $150 million in cash and $25 million in common stock, with the sellers eligible for up to $25 million in additional payments based on meeting annual net revenue targets through 2028.

TYR Tactical generated about $92.6 million in revenue in 2024, according to Cadre.

The transaction is expected to close in H1 2026 and will be funded with available cash and borrowings under Cadre's credit facility, the company said.

Cadre said the potential acquisition will expand its presence in European defense markets and is expected to be immediately accretive to earnings and adjusted earnings before interest, taxes, depreciation and amortization margins.

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