A newly shaped holding firm generally known as Heritage Outdoor Group simply acquired Precision Shooting Equipment, Inc., one of many main producers of archery tools within the U.S. Heritage introduced the acquisition of PSE in a press launch<\/a> on Feb. 15.<\/p>\n News of the buyout isn\u2019t an entire shock. Rumors<\/a> have been swirling for a while<\/a> concerning a possible buy of the compound bow producer by Bowmar Hunting (owned by Josh and Sarah Bowmar<\/a>) or different personalities within the searching house. But since Heritage Outdoor Group is a comparatively unknown up-and-comer within the searching and archery house, some are curious what the acquisition means for the way forward for PSE.<\/p>\n \u201cWe are thrilled to welcome PSE Archery to the Heritage Outdoor Group\u2019s family of brands,\u201d Heritage CEO Zack Gleeson stated within the launch. \u201cPSE Archery\u2019s commitment to innovation, quality and customer service has been respected for decades in the industry. We are grateful for the opportunity to further enhance and grow the brand that Pete Shepley built.\u201d<\/p>\n Gleeson posted<\/a> the announcement to his LinkedIn web page as we speak, which reveals that along with his function as Heritage\u2019s CEO (as of February 2023) he\u2019s presently a Washington D.C.-based \u201cstrategic advisor\u201d for Kryptek and a former worker of Black Rifle Coffee Company. <\/p>\n According to Heritage Outdoor Group\u2019s web site<\/a>, this \u201cfamily of brands\u201d is simply starting to take form. Arizona-based PSE is the one model presently below its umbrella, though the location hints at buying \u201cStealth,\u201d presumably a reference to Stealth Outdoors<\/a>, someday quickly. Heritage\u2019s personal LinkedIn profile<\/a> describes the brand new firm as an \u201cinvestment management\u201d model with 11 to 50 workers that \u201chas a rich history of innovation\u201d\u2014presumably a reference to PSE. Neither PSE nor Heritage instantly responded to requests for remark.<\/p>\n Precision Shooting Equipment was based by engineer Pete Shepley in 1970. While the corporate started experimenting with a wide selection of archery tools, Shepley set out from the get-go to construct the proper compound bow\u2014a brand new invention on the time that obtained its first patent in 1969. With this aim in thoughts, PSE grew to become one of many unique 5 producers of compound bows within the U.S., in keeping with its web site<\/a>.<\/p>\n Innovation remains to be on the coronary heart of PSE\u2019s mission, and the corporate now holds greater than 20 of its personal patents for bow design and archery merchandise. This consists of the four-stage forging course of that has allowed PSE to convey a few of the lightest and strongest bows to market over time.<\/p>\n Read Next:<\/strong> The Best PSE Bows Ever Made<\/a><\/p>\n PSE\u2019s choice to promote to Heritage Outdoor Group is simply one other step on this route, in keeping with Gleeson.<\/p>\n \u201cWe\u2019re going to keep producing the most innovative bow platforms in America,\u201d he stated in an interview with Free Range American<\/a>. \u201cIf you love PSE today, you\u2019re going to continue to love it.\u201d<\/p>\n Gleeson went on to elucidate that Heritage and PSE will proceed to function as separate entities, whereas working collectively on the advertising and gross sales sides of the enterprise. Neither firm disclosed the phrases of the acquisition, however each sounded optimistic concerning the deal.<\/p>\n \u201cI have full confidence in the Heritage Outdoor Team to continue to build on the foundation I have built here at PSE,\u201d Shepley stated in yesterday\u2019s press launch.<\/p>\n<\/p><\/div>\nA Brief History of PSE<\/h2>\n