Smith & Wesson closes $160M Savage Arms buy; sees $0.10/share annual accretion after synergies

SMITH & WESSON BRANDS, INC.

Deal closed Oct 21, 2026: base value $160.0M, adjusted to ~$164.9M; consideration was 8,993,968 SWBI shares at $13.62 plus $42.4M cash (press release cites $37.5M cash).
Savage posted ~$160M net sales for the 12 months ended Sept 30, 2026; price equals ~7.9x Adjusted EBITDA after $2.5M of expected run-rate synergies.
Expected ~$18M of incremental EBITDAS annually; EPS accretion of $0.04 in remainder of FY2027, $0.07 full year, ~$0.10 after synergies, excluding acquisition accounting.
JDH Capital becomes largest holder at 16.7% of shares outstanding; Michael D. Fertitta named to the now seven-member board and its Nominations and Corporate Governance Committee.
Seller lock-up releases in three equal installments at 90, 240 and 360 days; SWBI to file a resale S-3 within 60 days, and pro forma leverage is 1.16x.

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Executive movements

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Appointed

Michael D. Fertitta

Director

SWBI · SMITH & WESSON BRANDS, INC.

Effective: 2026-10-21
Filed: October 21, 2026, 9:05 AM ET

In accordance with the Merger Agreement and the Investor Rights Agreement, effective immediately following the Closing, the Board appointed Michael D. Fertitta, the Seller’s designee, as a director, to serve until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael D. Fertitta was appointed as Director at SMITH & WESSON BRANDS, INC..

Action: appointed
Role: Director

Exact text from the filing

In accordance with the Merger Agreement and the Investor Rights Agreement, effective immediately following the Closing, the Board appointed Michael D. Fertitta, the Seller’s designee, as a director, to serve until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified.

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SMITH & WESSON BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-427316

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