Smith & Wesson Acquires Savage Arms
Key Highlights
- ➤Savage acquired for $160.0 million in cash and Smith & Wesson equity
- ➤Savage generated approximately $160 million in net sales for twelve months ended September 30, 2026
- ➤Transaction expected to add approximately $18 million of full-year incremental EBITDAS
- ➤Full-year EPS accretion expected at $0.07, rising to approximately $0.10 after initial synergies
- ➤JDH receives 16.7% stake and board representation in Smith & Wesson
Expert Statements
Mark Smith, President and Chief Executive Officer of Smith & Wesson
“The acquisition of Savage is a transformative step for Smith & Wesson and an important milestone in our strategy to be the undisputed market leader in the firearm industry. Savage's brand heritage, culture, and longstanding reputation for performance and innovation align closely with our own, and the business meaningfully expands our presence in the hunting category. By bringing these two companies together, we have created a broader, stronger platform with significant opportunities to better serve our customers, accelerate innovation, realize operating efficiencies and drive long-term value for our stockholders.”
Michael Fertitta, Managing Director of JDH
“Savage has a storied history spanning more than 132 years, and we are incredibly proud of the business and brand the Savage team has built. Smith & Wesson is a natural partner for Savage given the complementary strengths of the two companies and their shared commitment to quality, innovation and serving the firearms community. We are excited about the potential of the combined business and look forward to participating in its continued success as a significant Smith & Wesson stockholder.”
* Creates leading U.S. firearms manufacturer, bringing together two iconic American brands * Meaningfully expands Smith & Wesson's presence in hunting category * Expected to be immediately cash accretive to full year earnings per share * Aligns JDH Capital with SWBI stockholders, with JDH Capital becoming Smith & Wesson's largest stockholder and gaining board representation Maryville, Tennessee--(Newsfile Corp. - October 21, 2026) - Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design ("Smith & Wesson"), today announced that it has acquired the Savage Arms business ("Savage Arms" or "Savage") by merger from an indirect subsidiary of JDH Capital I, L.P. (together with its affiliates, "JDH"). Savage has been producing firearms for more than 130 years and is one of the world's largest manufacturers of hunting, competition and target shooting centerfire and rimfire rifles and shotguns.
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