Smith & Wesson Completes $160 Million Savage Arms Acquisition

Smith & Wesson says it completed its acquisition of Savage Arms on October 21. The company’s official announcement values the transaction at $160 million, subject to customary adjustments. The deal brings Savage’s hunting and bolt-action rifle business into a company already prominent in handguns.

The acquisition was completed by merger from an indirect subsidiary of JDH Capital I, L.P., according to the release. The consideration includes approximately 9 million shares of Smith & Wesson common stock and $37.5 million in cash. The company says JDH owns 16.7% of its outstanding common stock following the closing.

The release describes Savage as a producer of hunting, competition and target-shooting rifles and shotguns. It reports approximately $160 million in Savage net sales for the twelve months ending September 30, 2026. That sales figure covers a reporting period; it is separate from the transaction’s valuation.

Smith & Wesson says the combination expands its presence in hunting and creates a broader product portfolio. Expected earnings benefits and operating efficiencies are company projections, not results already achieved. The completed acquisition is the confirmed development; future business performance remains to be measured.

For firearm owners, the immediate news is the change in ownership and the terms the companies have announced. This report does not establish a specific change to an owner’s warranty, product pricing or factory operations. Check the relevant manufacturer’s current guidance for a particular firearm or service question. Sign up for the WTF News newsletter for sourced firearms-industry updates.

Correction — October 22, 2026: The earlier version questioned the evidence for this transaction after relying on an incomplete extraction of a source page. Smith & Wesson’s official October 21 announcement confirms that the acquisition was completed that day. We have replaced the earlier account with the company’s disclosed terms.