Revelyst Reports its Acquisition of PinSeeker

Revelyst, a prominent group of brands specializing in the creation of high-performance equipment and precision technology, and a division of Vista Outdoor Inc. (NYSE: VSTO), disclosed its acquisition of PinSeeker. PinSeeker, originally part of the Wasserman portfolio, stands out as a premier provider of golf simulation and a connectivity application that facilitates live, online, nearest-the-pin golf competitions.

PinSeeker’s application offers golf enthusiasts the chance to engage in various competitions and challenges with friends, family, and other golfers, regardless of their physical location. It features virtual tournaments and challenges, including nearest-the-pin contests, allowing users to participate for fun or vie for cash prizes. This fosters a competitive golf experience that can be accessed globally. This acquisition by Revelyst is set to leverage the burgeoning demand for competitive and experiential golf activities away from traditional courses, significantly enhancing Foresight Sports’ offerings in game and content development.

Revelyst Reports its Acquisition of PinSeekerAs part of the acquisition, PinSeeker will be integrated into Foresight Sports, a leading developer of golf launch monitors and simulators, under the Revelyst Precision Sports Technology umbrella. PinSeeker’s staff will be moving to San Diego to join the core team of the Precision Sports Technology division based there.

Eric Nyman, Revelyst’s CEO, expressed excitement about the acquisition, emphasizing that incorporating PinSeeker’s unique application with Foresight Sports’ top-tier simulators and launch monitors will elevate the experience for golfers playing off-course. He highlighted that the union of Foresight Sports and Bushnell Golf, under the Precision Sports Technology banner, represents the pinnacle of golf technology. The addition of PinSeeker not only strengthens their position in the market but also enhances their software capabilities, pushing the boundaries in the skill-based gaming sector and aligning with Revelyst’s mission to connect with consumers through innovative and technology-driven platforms.

PinSeeker introduces a novel way to enjoy golf, hosting simulator-based tournaments that grant instant access to a vast array of events, allowing players to compete internationally in real-time. This also enables users of Foresight Sports’ Falcon or QuadMAX, among other simulator technologies, to derive greater enjoyment and utility from their devices.

This strategic move positions Revelyst and Foresight Sports to tap into the growing interest in off-course golf, which saw a significant increase in participants in 2023. It aims to create a premier gaming and entertainment ecosystem for users of Foresight Sports simulators, powered by PinSeeker’s innovative revenue streams from tournaments and sponsorships.

Jon Watters and Scott Werbelow, Co-Presidents and General Managers of the Precision Sports Technology platform at Revelyst, highlighted the transformative potential of PinSeeker’s integration, forecasting a significant expansion of their digital ecosystem and a revolution in the golfing landscape.

Rob Guilfoyle, CEO of PinSeeker, expressed enthusiasm about joining forces with Revelyst and the opportunity to introduce their platform to a wider audience, further promoting the growth of off-course golf through innovative gaming and betting experiences.

Vista Outdoor’s transaction with PinSeeker was facilitated by Reed Smith LLP, serving as the legal counsel.

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