Jeff Van Sinderen

Mark Smith

Lawrence Solow

Sheila Kahyaoglu

Jordan Lyonnais

Matthew Koranda

Matt Koranda

Greg Konrad

Larry Solow

- **Cadre Holdings, Inc.** is acquiring **TYR Tactical** for a total consideration of **$175 million**, which includes **$150 million in cash** and **$25 million in CDRE stock**.  **[0001860543_2211310:4]** 
- TYR Tactical, a leading manufacturer of mission-critical personal protective equipment and tactical gear, reported **$93 million in revenue for FY2024**.  **[0001860543_2211310:4]** 
- The acquisition is expected to be **immediately accretive to Cadre's earnings and adjusted EBITDA margins**.  **[0001860543_2211310:4]** 
- This strategic move provides Cadre with a significant entry into new markets, particularly the **European military and defense sector**, and offers unique capabilities in manufacturing plates/shields with next-gen advanced materials.  **[0001860543_2211310:4]**

Cadre Holdings announces acquisition of TYR Tactical

- Cadre Holdings announced the agreement to acquire **TYR Tactical**, a manufacturer of mission-critical personal protective equipment for military and law enforcement agents globally, with the transaction expected to close in the **first half of 2026**.  **[0001860543_2217000_0]** **[0001860543_2217000_2]** 
- TYR Tactical reported approximately **$92.6 million of revenue in the year ended December 31st, 2024**, and its margin profile is expected to be immediately accretive to Cadre.  **[0001860543_2217000_1]** 
- The acquisition is strategic, strengthening Cadre's safety platform and expanding its portfolio into high-margin, high free cash flow businesses, with minimal customer overlap with Cadre's existing Safariland Armor business.  **[0001860543_2217000_0]** **[0001860543_2217000_1]** **[0001860543_2217000_3]** 
- TYR Tactical services customers in nearly **40 countries**, with international revenue representing approximately **50% of its 2024 total sales**, providing Cadre with an enhanced international footprint.  **[0001860543_2217000_1]** 
- Co-founders Jason and Jane Beck will remain with the business and become significant Cadre shareholders, and pro forma leverage for Cadre is anticipated to be just under 3, using Q3 results.  **[0001860543_2217000_0]** **[0001860543_2217000_3]** **[0001860543_2217000_7]**

Cadre Holdings to Acquire TYR Tactical

- Cadre Holdings has agreed to acquire **TIR Tactical**, a manufacturer of mission-critical personal protective equipment and advanced tactical gear for military and law enforcement agents globally.  **[0001860543_2211544_0]** **[0001860543_2211544_1]** 
- TIR Tactical generated approximately **$92.6 million in revenue for the year ended December 31, 2024**, and its margin profile is expected to be **immediately accretive** to Cadre.  **[0001860543_2211544_1]** 
- The acquisition is strategic, aiming to strengthen Cadre's industry-leading safety platform, expand its portfolio, and provide a **foothold in international markets** with minimal customer overlap with Cadre's existing Safariland armor business.  **[0001860543_2211544_0]** **[0001860543_2211544_1]** **[0001860543_2211544_3]** 
- The transaction is anticipated to close in the **first half of 2026**.  **[0001860543_2211544_2]** **[0001860543_2211544_4]**

Cadre Holdings Announces Acquisition of TIR Tactical

- **Cadre Holdings** announced the acquisition of **TIR Tactical**, a manufacturer of mission-critical personal protective equipment and tactical gear for military and law enforcement agencies globally.  **[0001860543_2216722_0]** **[0001860543_2216722_1]** 
- TIR Tactical reported approximately **$92.6 million of revenue** for the year ended **December 31, 2024**, and its **margin profile is expected to be immediately accretive** to Cadre.  **[0001860543_2216722_1]** 
- The acquisition is strategically important for **expanding Cadre's market leadership**, broadening its product range, and gaining a **foothold in international markets** with minimal customer overlap with Cadre's existing Safariland armor business.  **[0001860543_2216722_0]** **[0001860543_2216722_1]** **[0001860543_2216722_3]** 
- The transaction is anticipated to **close in the first half of 2026**, and pro forma leverage, based on Q3 results, is expected to be **just under 3**.  **[0001860543_2216722_2]** **[0001860543_2216722_3]**

- Cadre Holdings, Inc. (CDRE) announced on **October 29, 2025**, a **definitive agreement to acquire TYR Tactical**.  **[1860543_0001104659-25-103556_tm2528221d2_8k.htm:1]** 
- The acquisition is valued at **$175 million**, comprising **$150 million in cash** and **$25 million in CDRE stock**.  **[1860543_0001104659-25-103556_tm2528221d2_ex99-1.htm:1]** 
- TYR Tactical, a global manufacturer of mission-critical personal protective equipment and tactical gear, generated **$93 million in revenue in FY2024**.  **[1860543_0001104659-25-103556_tm2528221d2_ex99-1.htm:1]** 
- The transaction is anticipated to be **immediately accretive to Cadre's earnings and adjusted EBITDA margins**.  **[1860543_0001104659-25-103556_tm2528221d2_ex99-1.htm:1]** 
- TYR Tactical operates globally, servicing **39 countries** with approximately **50% international revenue mix** in 2024, and possesses a strong intellectual property portfolio including **59 secured patents**.  **[1860543_0001104659-25-103556_tm2528221d2_ex99-1.htm:2]**

Cadre Holdings, Inc. to Acquire TYR Tactical

- Cadre Holdings (CDRE) has entered into a definitive agreement to acquire **TYR Tactical**, a manufacturer of tactical gear, for a total consideration of **$175.0 million**.  **[1860543_af9aaa404cae425c8e9d60b26a336669_0]** 
- The consideration includes **$150.0 million in cash** and **$25.0 million in Cadre common stock**, with a potential additional **$25.0 million** in contingent earn-out based on future net revenue targets.  **[1860543_af9aaa404cae425c8e9d60b26a336669_0]** 
- TYR Tactical generated approximately **$92.6 million in revenue** for the year ended December 31, **2024**.  **[1860543_af9aaa404cae425c8e9d60b26a336669_0]** 
- The acquisition is expected to be **immediately accretive** to earnings and adjusted EBITDA margins and is anticipated to close in the **first half of 2026**.  **[1860543_af9aaa404cae425c8e9d60b26a336669_0]** **[1860543_af9aaa404cae425c8e9d60b26a336669_1]**

- Cadre Holdings (CDRE) outlined its long-term vision at its 2025 Investor Day, targeting **3-5% organic growth** supplemented by **$100 million in annual M&A**, with aspirations for **mid-20s% Adjusted EBITDA margin** and **45-50% Gross Margins**.  **[0001860543_2172417:6]** 
- The company introduced the Cadre Nuclear Group, established through the acquisitions of **Alpha Safety in March 2024** (reporting **$44 million in FY2023 revenue**) and **Carr's Engineering Division in April 2025** (reporting **£51 million in FY2024 revenue**).  **[0001860543_2172417:7]** 
- The Cadre Nuclear Group is strategically focused on providing diversified nuclear solutions for **environmental management, national security, and nuclear energy**, driven by significant market demand in cleanup, weapons modernization, and clean energy initiatives.  **[0001860543_2172417:7]** **[0001860543_2172417:8]** **[0001860543_2172417:9]** **[0001860543_2172417:10]** **[0001860543_2172417:12]**

Cadre Holdings Outlines Long-Term Vision and Nuclear Group Strategy at 2025 Investor Day

- CADRE Holdings is transforming from a specialty safety provider into an industrial enterprise, anchored in high-margin, high-free cash flow verticals, with long-term aspirations for **3% to 5% organic revenue growth**, **$100 million of acquired revenue annually**, **45% to 50% margins**, and **mid-20s adjusted EBITDA margin**.  **[0001860543_2172560_0]** **[0001860543_2172560_7]** 
- The company announced a **$50 million IDIQ contract award** for the Blast Exposure Monitoring System (BMO) program, which is a natural strategic extension of its core business.  **[0001860543_2172560_5]** 
- CDRE's nuclear business, formed by the **March 2024 acquisition of Alpha Safety** and Cars, focuses on environmental management, national security deterrence, and nuclear energy, particularly in low-competition niches like fuel enrichment and fabrication, following a "follow the fuel" strategy.  **[0001860543_2172560_8]** **[0001860543_2172560_12]** **[0001860543_2172560_18]** **[0001860543_2172560_26]**

CDRE Outlines Strategic Transformation and Nuclear Business Expansion

- Cadre Holdings, Inc. is hosting an **Investor Day event** on **October 8, 2025**, at the **New York Stock Exchange** in New York City, featuring presentations by management and a Q&A session.  **[1860543_0001104659-25-097750_tm2528221d1_8k.htm:1]** 
- The company is strategically **transforming from a public safety to a diversified industrial company**, focusing on highly engineered safety products and expanding its total addressable market.  **[1860543_0001104659-25-097750_tm2528221d1_ex99-1.htm:3]** 
- Recent strategic investments include the acquisition of **Alpha Safety** in **March 2024** and **Carr's Engineering Division** in **April 2025**, significantly deepening its exposure to the nuclear market.   
- On **September 26, 2025**, Cadre's Med-Eng subsidiary was awarded a **$50 million Indefinite Delivery Indefinite Quantity (IDIQ)** contract by the Department of Defense for its Blast Exposure Monitoring System (BEMO).   
- The company's long-term vision includes **FY2024 aspirations** of **$568 million in revenue** and **$105 million in Adjusted EBITDA**.