Vista Outdoor will pay a total purchase price of $74 million for Camp Chef, comprised of $60 million in cash paid at closing and $14 million in cash to be paid out in equal installments on the first, second and third anniversaries of the closing date, subject to certain conditions described below. However, the effective purchase price is lower, due to value created by certain tax assets resulting from the transaction and the deferred purchase price structure, leading to an effective multiple of approximately 6.4x Camp Chef's expected calendar year 2016 EBITDA. Vista Outdoor financed the purchase price paid at closing using borrowings under its existing revolving credit facility. Vista Outdoor expects the acquisition to be slightly accretive to FY17 earnings per share (EPS), including impacts associated with transaction expenses. A majority of the payment of $14 million of deferred purchase price will be contingent on continued employment of key members of management and certain other conditions. As a result, Vista Outdoor plans to record the payments conditioned on continued employment as a compensation expense in future periods in accordance with GAAP. However, for purposes of presenting certain non-GAAP financial measures, including adjusted EPS, Vista Outdoor expects to treat those deferred payments as deferred purchase price and will therefore adjust the payments out of its financial results in future periods as payments are made. The purchase price will also be subject to a customary working capital adjustment. Additional information, including impact on full-year guidance, related to Camp Chef will be presented during Vista Outdoor's second quarter FY17 earnings call and webcast.
Perfect for traveling and tailgating, or even just a smaller patio space, the Traeger Junior Elite 20 is small in size, but delivers big wood-fired barbecue taste. Impress your friends by grilling, smoking, roasting, baking, braising, or BBQing at any tailgate or outdoor activity. The integrated Digital Elite Controller keeps temps within +/- 20 degrees F and makes setting the grill temperature as easy as turning a dial.
We have reviewed the best pellet smokers on the market today after doing our extensive comparative research. However, there were some hidden gems that could not make it to our top 10 product list because of one reason or another e.g. due to their high prices, unavailabilities in some regions, and other factors. Also, some just failed to get in our top 10 list only because it was a top 10 list and not a top 20 list. Regardless of the reasons, here are a few honorable mentions that failed to make it to this top 10 best pellet smoker review, but are still worthy in their own rights:
Yoder's Variable Displacement Damper is another unique feature: Essentially, it's a metal plate that may be moved from left to right along the lower smoke box. Positioned all the way left, it concentrates heat directly over the fire pot for conductive searing with optional aluminum GrillGrates. Move it back to the right for even heat across the entire smoke box. Yoders are sold primarily through independent retailers.
Pick an item that is anything but difficult to clean and store. Stay away from massive units on the off chance that you don’t need your grill to stick around in the kitchen when not being used. You may likewise need to pick one that your space can suit. And afterward, search for a model that can be effortlessly cleaned and that accompanies a deplete framework and an oil/dribble plate/gatherer.
When you purchase this smoker, the cost is a bit more then some and less then others. Yet, I believe a great deal! One get's what they pay for. I believe this grill is a bargain at the price you pay. From the way it is shipped to me, I was throuoghly impressed with the attention to detail in packing and my receiving the smoker in perfect condition. It is a tank and the people I dealt with at All Things Barbeque, were first rate. If you have any questions, they would answer them. I plan on using the smoker in the next few days and can hardly wait. If the smoker works anything like the staff does at ATBBQ, it will be a grand slam! Kudos to everyone there and thank you for everything!
With the Camp Chef PG24S, you won’t have to constantly refill your hopper. Your pellets will be used as efficiently as possible, as this product comes with a hopper that can hold up to 18 pounds of wood pellets. With the digital heat control system, it instantly feeds the pellets into the grill to maintain the ideal cooking temperature. This ensures that food is cooked most satisfyingly.
Am considering adding a pellet grill to my fleet, have champagne taste on a beer budget. Have a smoke hollow smoker (lp) that works awesome, a cheap charbroil gril, and a holland I picked up used. Tried the holland because I got tired of flareups but it is slow, a coffee can over the stacks until it warms up helps but you don’t want to walk away from it that way. I like the idea of something you don’t have to baby sit. Any reviews on the traeger grills? I like the looks of the traeger jr, has nice features, portable and enough room for most of the things I want. Also are these grills affected by wind and do they work in cold weather? I live in ND and like to use them in the winter as long as the temp is above 10 degrees or so.
Compared with charcoal and other wood-fired grills, pellet smokers are simpler and cleaner and easier, giving more control than traditional smokers. Wood pellets are dense, burn hot and smooth, and can be easily fed into the flame with an automatic auger, allowing for consistent temperature with minimal effort. Many modern smokers let you practically set it and forget it, thanks to their digital controllers. Pellet grills are also efficiently cheap, often using as little as 1lb of pellets an hour.
With 440 square inches of cooking space, an auger-fed pellet delivery system, and a digital LED thermostat and controller, your cooking will be simple, whether it’s burgers, a whole turkey, or racks of ribs. The side shelf is a convenient place for cooking tools or plates while the bottom shelf can hold spare bags of pellets or jugs of sauces out of the way.