NEW BRITAIN, Conn., Feb. 29, 2016 /PRNewswire/ -- White Wolf Capital LLC ("White Wolf") is pleased to announce that it has acquired Stag Arms LLC ("Stag" or the "Company"). Details of the transaction were not disclosed.
Elie Azar, Managing Director of White Wolf, noted, "We are very excited to add Stag to our portfolio of outstanding companies in the firearms industry. 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."
Mark 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."
Stag will continue to operate (under a new Federal Firearms License) out of its current facility in New Britain, CT.
About Stag Arms
Stag Arms was founded in May 2003 by Mark Malkowski with the goal of producing reliable, 100% American made Modern Sporting Rifles (MSR). The Company quickly became a market leader and one of the largest MSR manufactures in the United States. Since its early days, Stag has remained at the forefront of innovation, first by offering both left and right-handed MSR platforms, and by designing new models and features based on customer recommendations. All of Stag's rifles come with an industry leading lifetime transferable warranty and an infinite shot guarantee on the barrel. For further information please visit: www.stagarms.com.
About White Wolf
White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. In general, White Wolf seeks private equity investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.
SOURCE White Wolf Capital LLC