Long Point Capital is pleased to announce that its portfolio company, Savage Sports Corporation, has acquired BowTech, one of the world's largest bow companies. Located in Eugene, Oregon, BowTech manufactures and distributes premium compound bows, crossbows and archery equipment through its four divisions - BowTech, Diamond Archery, Stryker Crossbows and WaterDog Surface Technologies.
"We are impressed with BowTech's vision and astonishing success in the archery industry, and are thrilled to have them as part of the Savage family. Their growth record and solid values are a great fit with our existing business and management culture," states Ron Coburn, Chairman and CEO of Savage Sports.
BowTech's family of brands will continue to be promoted and marketed independently as a wholly owned subsidiary of Savage Sports, and the existing management team will continue to lead the business.
Savage Sports Corporation, located in Westfield, Massachusetts and Lakefield, Ontario, Canada, is the largest rifle manufacturer in North America, producing centerfire and rimfire rifles, as well as other sporting firearms including shotguns and mussleloaders. Savage is also a leading manufacturer of range systems, bullet traps and shoot houses for tactical training through its Savage Rand Systems subsidiary.
Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $5 billion. Long Point Capital manages approximately $315 million of capital and focuses on investments in manufacturing, distribution, or industrial service companies, with revenues between $30 million to $200 million.