Sporting rifle manufacturer Stag Arms has been bought by White Wolf Capital LLC, a private investment firm.
White Wolf focuses on management buyouts, recapitalizations and investments in leading middle market companies in the Defense Industry and Manufacturing market segments, in February 2016.
It is thought that the takeover will allow Stag to improve its distribution channels and to expand its R&D capabilities - developing new platforms and products with a higher degree of innovation and engineering for the end user.
Stag offers 100 per cent American made, left and right-handed MSR platforms.
"One of the main reasons we were so excited about Stag, was largely in part because of their reputation with their customers," stated Elie Azar, managing director of White Wolf. "We have always known Stag to maintain a foundation of reliable products and customer service, no matter what the situation."
White Wolf Capital is no stranger to the firearms industry, having previously acquired Aero Precision, Ballistic Advantage, VG6 Precision and Fall Machine, Co., to name a few.
"We are very excited to add Stag to our portfolio of outstanding companies in the firearms industry,” continued Azar. “Stag is an iconic brand with a well-deserved reputation for product excellence and world-class customer service. We look forward to partnering with Stag's strong management team and employees to grow the Company through new and innovative product offerings. In addition, we are delighted that Mark Malkowski, Stag's founder, has agreed to remain engaged with the Company as a consultant. Mark's deep knowledge of the industry will be invaluable as we build upon the excellent foundation that he put in place."
Malkowski commented, "It is with great enthusiasm that I hand off ownership of Stag to the White Wolf team. I feel fortunate to be able to transition the business I started from scratch to a team that shares my philosophy and passion for the industry and who recognizes the exceptional capabilities of Stag's dedicated employees."