Vista Outdoor has entered an agreement to buy golf simulator maker Foresight Sports for $474 million.

The sporting goods company’s cash purchase of Foresight Sports marks its biggest acquisition since it was spun off in 2015 from Orbital ATK, which Northrop Grumman bought for $7.8 billion in 2018.

  • The deal is set to close in Q3 of FY 2022, but Vista Outdoor expects to immediately include the transaction in earnings reports, estimating Foresight’s 2021 net sales will reach $100 million.
  • The gross purchase price includes a net present value of roughly $60 million in future tax benefits.

Foresight manufactures golf performance analysis, entertainment, and game enhancement technologies, producing launch monitors that can cost up to $14,000, simulators, and various software.

Vista Outdoor CEO Chris Metz says the acquisition will position the company as “a leader in golf data collection” for the 36 million-plus U.S. golf participants. Golf is an $84.1 billion industry.

Vista Outdoor recorded a 38% year-over-year increase in total sales to $663 million during Q1 of its FY 2022. Along with golf and other outdoor products, the company produces CamelBak water bottles and CCI bullets.