Acquisition Overview - Cadre Holdings, Inc is acquiring TYR Tactical [3] - The total consideration for the acquisition is $175 million, including $150 million in cash and $25 million in CDRE stock [5] - TYR Tactical had $93 million in revenue in FY2024 [5] - Approximately 50% of TYR Tactical's revenue in 2024 is international [11] Strategic Rationale - The acquisition provides significant entry into new markets, particularly European military and defense [5] - TYR Tactical has a large geographic footprint, servicing 39 countries [11] - TYR Tactical offers the ability to manufacture plates/shields engineered with next-gen advanced materials [5] - The acquisition is expected to be immediately accretive to earnings and adj EBITDA margins [5] Proprietary IP & Manufacturing - TYR Tactical has secured 80 patents across the U S, Canada, UK, Australia, and Europe [17] - TYR Tactical has 59 registered trademarks [21]