On February 2, 2026, Cadre Holdings, Inc. (NYSE: CDRE), a Jacksonville, Florida-based global leader in the manufacturing and distribution of safety equipment for the law enforcement, first responder, military, and nuclear markets, announced the completion of its acquisition of TYR Tactical, LLC, a leading global manufacturer of mission-critical tactical gear and personal protective equipment for military, law enforcement, and government agencies worldwide. Founded in 2010 by Jason and Jane Beck and headquartered in Peoria, Arizona, TYR Tactical's product suite includes plate carriers, vests, hard armor, shields, and accessories serving a worldwide customer base including top-tier special operations units.

The purchase price consisted of US$120.0 million in cash and US$24.0 million of Cadre common stock, plus US$1.0 million in restricted stock unit awards granted to certain TYR Tactical employees (approximately C$162.0 million, C$32.4 million, and C$1.35 million, respectively, based on the approximate USD/CAD exchange rate of 1.35 at the time of announcement). The seller is also eligible to receive up to US$25.0 million (approximately C$33.75 million) in contingent earn-out consideration based on specified net revenue targets for 2026, 2027, and 2028. Immediately following the transaction, Cadre acquired certain real property owned by a TYR Tactical affiliate for US$30.0 million (approximately C$40.5 million) in cash. The transaction was financed with cash on Cadre's balance sheet and borrowings under its senior credit facility and is expected to be immediately accretive to earnings and adjusted EBITDA margins.