Vista Outdoor Inc. (NYSE:VSTO) will look for acquisitions. Eric Nyman, Co-CEO said "We are optimistic that potential future divestitures alongside the $250 million in cash, that we expect to capitalize the Revelyst balance sheet with at the time of separation, will allow us to accelerate our momentum through a capital allocation strategy that we expect will include investment in core organic growth opportunities, opportunistic share repurchases, and we believe valuation is highly attractive and selective tuck-in acquisitions with clear integration use cases. Our focus will be to drive tech enablement and unlock performance in our existing brands with an initial focus on Precision Sports Technology, our highest growth potential and highest margin business.

Through the strength of our balance sheet and decisive actions under GEAR Up, we expect our operating model and platforms will be able to drive value and synergies through M&A compared to previous acquisitions that were completed under a holding company philosophy".