Post by hunter on Dec 31, 2019 7:42:55 GMT
Revision Sells Protective Eyewear Business
Revision Military, provider of “soldier system” tactical eyewear and solutions, announced it has sold its protective eyewear business to ASGARD Partners & Co., a private investment firm based in New York.
The transaction includes the sale of the Essex, Vt., manufacturing operation and the protective eyewear product line, along with the Revision trademark and branding. Under the guidance of ASGARD, the Revision eyewear business will continue day-to-day operations with its key management and existing manufacturing team.
“This divestiture supports our strategy to sharpen our portfolio and fund expanded capabilities and growth initiatives around enhanced warfighter survivability and lethality. As a stand-alone business with the support and direction of ASGARD Partners & Co., Revision eyewear will be in a better position to pursue strategic growth opportunities,” said Revision CEO Jonathan Blanshay.
“We’re excited to work with the passionate and talented Revision team to pursue growth in new markets and develop the next-generation of eyewear technology. With a renewed focus on protective eyewear and dedicated capital resources, we believe Revision is well-positioned for growth in the years to come,” said Karan Rai, founder and managing partner of ASGARD.
Blanshay says it is a priority for Revision to move through the transition as seamlessly as possible.
“Our dedicated team remains committed and available in order to maintain business as usual throughout this period. We are incredibly excited to relaunch shortly with a new company name, and look forward to the opportunity to build a world-class brand focused on our active, integrated head-borne and torso systems, power management and communication solutions,” Blanshay said.
www.revisionmilitary.com
