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.
Joe Traeger first introduced the concept of Pellet Grill in 1980’s. Pellet grills are a rage amongst backyard grillers because they can grill, roast and smoke all in one. Since it uses indirect electric heat, there are no chances for it to burn into flames, unlike a gas grill. It is the perfect cooking appliance for a novice chef, looking to experiment with different dishes. Which is actually one of the primary reason for its unbelievable popularity.
It also has the standardized dial-in digital control with LED readout (not to the point that it has WiFi like the Green Mountain Grills Davy Crockett Pellet Grill, but still quite convenient). However, it’s rated low on this list because of poor quality control. Too many customers ended up with bad Pit Bosses that have inconsistent temperature control (going all the way to 615° Fahrenheit).
I purchased my first Traeger Grills over a year and a half ago and now I am on my third grill. I have had the most amazing experience grilling, smoking and baking. I do everything on my Traeger. It accurately holds the temperature, starts up automatically and has convection which cooks my food evenly and thoroughly. I recommend this grill to anybody who’s looking for a amazing cooking experience with little effort and really likes to show off to their friends how good their food tastes. My favorite part is being able to walk away from the grill and not have to babysit it so I can do overnight briskets without even checking them. I love it.
The Camp Chef Woodwind Pellet Grill was chosen as our sixth choice because it lacked some features found in our Top 5 picks, especially when it came to cooking flexibility. While it does offer an impressive 6-in-1 cooking experience, it lacks an auto shut-off feature, which makes it less of a “set it an forget it” kind of smoker. The grill is rather heavy, at an overall weight of 146lbs. It’s also more expensive than the rest, even though it offers similar (even less) features. It’s a decent choice if flavor is the only thing you’re looking for.
It makes party hosting, as well as small crowd-feeding a breeze! Pellet grills are easy to use because they often come with easy temperature controls (along with other variable facilities depending from grill to grill), making it ideal for beginners who do not have prior grilling and cook-out experiences. A pellet grill is the answer to every cook enthusiasts who love to cook, but lack the knowledge and experience of skilled pit masters.
Over time, as other companies started entering the scene, the designs saw some massive improvements. Later, the firepots were brought closer to the hopper, reducing the distance the pellets had to travel to reach it. This move reduced the probability of a pellet jam. Later, more features began to be added to these grills to further improve the reliability, safety, and convenience.
For example, it has a decent 570 sq. in. of cooking area, a patented ash cleanout service, endless versatility (wherein you can barbecue, braise, roast, bake, smoke, and grill to your heart’s delight), and an advanced digital control (the same one that allowed the Camp Chef SmokePro to take the top spot). However, the quality control for this unit is a little worse than SmokePro.
It’s also worth double checking the precision of the controls. Less expensive smokers sometimes have cheap control panels that only allow you to set the temperature to a few discrete settings, for example just low and high. This is, generally speaking, awful, and leads to improperly cooked meat and a whole host of other issues. Avoid it if you can.
As far as size goes, bigger is usually better when it comes to pellet grills. A large hopper means a longer time you can cook without needing to refill your fuel source. A bigger grill size means more room for a variety of meats or side dishes. Look for at least 700 sq inches of cooking space (that can include the upper rack as well – remember, pellet grills work like convection ovens.)
Camp Chef has already been mentioned several times on this list. It's a venerable company that makes up in quality what it lacks in the name recognition of a Traeger or Weber. Their Deluxe Pellet Grill is built to reach and hold ideal temperatures for smoking. An internal system syncs pellet delivery to temperature instead of simply feeding in fuel when it begins to run out. This ensures a clean, consistent cooking experience. A removable ash can makes clean-up a snap as well.
The Green Mountain Grills Davy Crockett smoker lets you get more than what you paid for. At a surprisingly low price, you get to have tons of great features that are sure to elevate your BBQ experience. For its price, we were quite surprised to see that it satisfied most of the features on our review. We tested over fifty products, and even the expensive ones were no match for this product. In terms of value per dollar, this product deserves the top spot.
There is no party like a backyard grill and BBQ party on a hot summer weekend with some good music on the back, and of course the centerpiece: the food. You see, food is a universal language. It is a way to say how much you appreciate and care for one another; a way to people’s hearts. And there is nothing more comfortable, warm and heart than some good old open grill and BBQ cooking on your pellet grill. And this is the reason you need an expert pellet grill review.
The digital controller has a temperature dial (180 F to 400 F), shutdown cycle setting and an on/off switch which is very basic. Compared to the Camp Chef, it misses out on bypass startup button, food probe, feed button, lo smoke/high smoke settings and most importantly access to the fuse. In order to change the fuse in the Traeger, you’ll have to remove both screws on the digital controller and pull out the controller.
Built from substantial stainless steel, the SmokePro looks bombproof and weighs a hefty 140 lbs – so it’s not portable like the Z Grills or Traeger Junior Elite. It has a stainless-steel probe to directly monitor meat, and a sensor for the grill’s internal temperature. Both read out on the LED display next to the digital controller, which goes from 160F to 500F in 25-degree increments.
The Pit Boss Deluxe Wood Pellet Grill comes loaded with many features. Use the flame broiler slide plate to easily switch from smoking to searing your food with open flame. An electric igniter allows for easy, mess free, barbecue lighting. The grill also includes: a heavy-duty feed system capable of handling any brand of hardwood pellets, clean-out feature to easily change out pellet flavors, a removable upper cooking rack, lid thermometer, side shelf complete with tool hooks and towel rack, convenient bottle opener, bottom cabinet for storage. With heavy-duty steel construction, Pit Boss grills are built to last.
Keep your Pellet Grill and Smoker fired up Keep your Pellet Grill and Smoker fired up with Camp Chef’s Premium Hardwood Pellets. Made of 100% natural hardwood these food grade pellets are an excellent way to add that unique smoky flavor. Choose from 4 distinct flavors. Smokehouse Hickory impart a rich and smoky bacon-like flavor to all meats ... More + Product Details Close