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October 21st, 2026

Smith & Wesson Acquires Savage Arms — $160 Million Deal

Smith & Wesson Brands, Inc. (“Smith & Wesson”, Nasdaq SWBI), a U.S.-based leader in firearm manufacturing and design, today announced that it has acquired Savage Arms (“Savage”) by merger from an indirect subsidiary of JDH Capital I, L.P. (“JDH”). The price of the acquisition is listed at $160,000,000 in stock value and cash.

The transaction combines two iconic American firearm manufacturers with leading capabilities across distinct segments of the firearms market. Savage’s strength in hunting and bolt-action rifles is highly complementary to Smith & Wesson’s leadership position in handguns and growing presence across other long gun categories, creating a broader product portfolio.

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.

According to Shooting Times: “The combined company [S&W plus Savage Arma] will immediately rank as the largest commercial firearms manufacturer in the United States, with a full-line product offering spanning handguns, revolvers, rifles, shotguns, and suppressors. Savage brings roughly $160 million annual net sales and a dedicated, skilled workforce of approximately 500 to the Smith & Wesson family, strengthening the combined company’s position at a moment when consumer demand for American-made firearms across every category remains strong.”

Mark Smith, President and Chief Executive Officer of Smith & Wesson, commented, “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, commented, “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.”

Transaction and Company Details

• Acquisition Date: October 21, 2026
• Deal Value: $160 million in cash and stock
• Previous Owner: JDH Capital I, L.P. (which becomes a Smith & Wesson stockholder)
• Savage Headquarters: Westfield, Massachusetts
• Savage Workforce: Approximately 500 employees
• Annual Net Sales (Savage): Roughly $160 million

Strategic Impact

• Product Complementarity: Merges Smith & Wesson’s handgun leadership with Savage’s footprint in bolt-action and hunting rifles.
• Market Scale: Creates one of the largest combined commercial U.S. firearm manufacturers, spanning handguns, revolvers, centerfire/rimfire rifles, shotguns, and suppressors.

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March 11th, 2024

Smith & Wesson Stock Jumps Nearly 30% This Past Friday

On Friday, March 8, 2024, Smith & Wesson Brands, Inc. (NASDAQ: SWBI) stock had a HUGE increase, with the SWBI stock price rising 29.39%. That’s a massive gain in a single day. Why the huge price spike? S&W sales volumes and revenues were up — WAY up. The latest corporate report revealed big revenue gains in Q3 2024, which dramatically out-paced expectations. Interestingly, S&W’s major revenue gains were from increased long gun sales, not more pistol sales. In addition, experts predict a big increase in overall gun sales during this election year, as buyers fear new restrictive gun laws.

Yahoo Finance reported: “Shares of Smith & Wesson Brands (SWBI) soared on better-than-expected third-quarter results. CEO Mark Smith said … that the company expects ‘the firearm market to experience healthy demand through the 2024 election cycle’. [SWBI] stock was also upgraded to Buy from Hold at Craig-Hallum, which argues the company is entering the election cycle in ‘optimal position’.”

Click Image Below to View Smith & Wesson Stock Price Analysis Video Report:

Yahoo Finance’s Josh Lipton and Julie Hyman discussed the stock’s surge in a 3/8/2024 Yahoo Finance Live webcast. Here is a partial transcript from that Yahoo Finance video:

JOSH LIPTON: We’re going to start here with Smith & Wesson. You could see that stock is skyrocketing in today’s trade.

Net sales, they’re up about 7% to 137.5 million. Gross margins also better than the Street was looking for. And on top of that, we get an upgrade from the team at Craig-Hallum…They take their target to 18… They also, Julie, talk about the upcoming election. They say that should give the company momentum.

JULIE HYMAN: Yeah, we tend to see firearm sales go higher ahead of elections, ahead of Democrats being elected in office because of fear about new gun legislation although that mostly has not come to fruition. But those are the cycles we tend to watch. I thought it was interesting, I was looking through the conference call, handguns are not where the sales activity was from. So handgun sales were actually down. Average selling price of handguns were down.

It was long guns that were higher in both amount of sales and average selling prices. And I don’t know– I mean long guns is a big category. I don’t know if we’re talking about demand from hunting, from sports, from whatever. But whatever it was, they saw an increase.

JOSH LIPTON: Yeah, they didn’t break it down. It is the election. Just to put some more numbers on that, they note that during the 2020 election, which allowed the company, they said, to generate more than a billion in revenue, $4.15 EPS and almost $300 million free cash flow.