Company History
Tasco was originally founded and owned by George Rosenfield in 1954. In March 1996 Rosenfield sold the business. At that time, Tasco employed 160 people in its Florida headquarters, and maintained a location in the state of Washington, which employed 40. In June 1998, Tasco Holdings, Inc. purchased Celestron, another telescope manufacturer which focused on performance optical equipment and the more serious observer. Celestron was second only to Meade Instruments Corporation among marketing and sales of telescopes.
Early 2001, Tasco began searching for a buyer as profits sank. Meade Corporation begins negotiations for a merger, but the Federal Trade Commission blocked the attempt.
By June 2002, Wind Point Partners, parent company of Bushnell Performance Optics (BPO) purchases the Tasco trade name and all intellectual property of Tasco Worldwide Inc. from Tasco Holdings, Inc.
In July 2007, Wind Point Partners sold Bushnell Performance Optics along with Tasco property and sales rights to MidOcean Partners, a private equity firm based in New York and London.
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