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Gander Mountain Files $86M Stock Offering

BLOOMINGTON, MN-The outdoor sporting goods retailer, which plans to add from 13 to 15 stores in fiscal 2004, features a new 120,000-sf format store.

By Jim McCartney | Updated on February 06, 2004

BLOOMINGTON, MN-Gander Mountain, an outdoor sporting goods and apparel retailer, says it plans to go public with the hopes of selling up to $86 million in shares. The company filed with the Securities and Exchange Commission on Thursday.

The deal would raise money to help finance ambitious expansion plans and give the Erickson family, which owns the chain, a liquid market for its investment. Gander plans to open 13 to 15 stores in fiscal 2004. The retailer is a subsidiary of Holidays Cos. in Bloomington, a chain of gas stations also owned by the Erickson family.

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