re = /(.+> )?([^>]+)(.+)? > \2(.+)?/m
str = ' Boating > Anchoring > Accessories > Anchors/Chain/Rope
Boating > Safety > Fire & Vapor Detectors > Fume Detectors
Clothing > Sportswear > Shirts > T-Shirts Polo
Gear > Knives & Tools > Knives Fixed Blade > Fixed Blade Knives
Hunting > Tree Stands > Accessories > Tree Stands and Accessories
Optics > Rings & Mounts > Scope Rings > Rings & Accessories
Gear > Climbing & Rappelling > Rope Cord Webbing > Rope Cord & Webbing
Fishing > Rod & Reel Combos > Rod & Reel Combos > Types of Fishing > Fishing Gear - Kids > Offshore Fishing Gear > Saltwater Fly Fishing Gear > Trolling Fishing Gear
Fishing > Lures > Hard Baits > Lures Hard Baits
'
subst = '\\1\\2\\3\\4'
result = str.gsub(re, subst)
# Print the result of the substitution
puts result
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for Ruby, please visit: http://ruby-doc.org/core-2.2.0/Regexp.html