Business Description
Savage Sports is a leading manufacturer of sporting firearms, specializing in bolt-action rifles that are primarily used for hunting, competitive shooting, and recreational shooting. The company sells to distributors, chain store retailers, and national “big box” sporting goods retailers.
Transaction Overview
Long Point, along with the Savage Sports' management team owners, purchased the Company from a private equity fund that did not have the ability to invest additional capital to grow the Company through acquisitions.
Post-Transaction
Savage grew rapidly through the introduction of multiple product lines extensions, and through an acquisition in the archery industry. The Company was sold to a private equity group.
Contact
Ira Starr: 212-593-1800 / istarr@lpcfund.com
