Subjects: TNM, MAT
Exit Partners Advises F-1 Firearms in Sale to WATCHTOWER Firearms
Leading private firearm manufacturer in Texas sells control in strategic sale
Spring, Texas, July 10, 2023 /PRNewswire-PRWeb/ -- MAY 5, 2023 F-1 Firearms ("F-1") is a leading manufacturer of firearms and accessories based in Spring, TX. F-1 leveraged expertise in programming, design, and robotic manufacturing to develop and market highly compelling and customizable firearms and accessories. It serves a diversified and growing customer base of civilian enthusiasts as well as defense professionals.
The company was owned and operated by Dion and Jackie Podgurny. Dion said, "Our company had grown substantially and was hitting on all cylinders. We entertained the idea of selling control of the company and engaged Exit Partners to advise us on strategic options. At a very early stage in the process, Exit Partners introduced us to the ultimate acquirer. Our industry has some specific market and regulatory considerations which must be navigated to get a deal done. In the end, we achieved all our goals for the transaction and are glad to have hired who we did to do the job. Would recommend them to others in our shoes. We are quite pleased with the outcome and with the position of the company going forward."
Jon Mueller, Managing Partner at Exit Partners, said, "Seeing this deal come together was a lot of fun for me personally. The Podgurnys built an exciting company based on product excellence as they lived out an American Dream. Pleased to have played a part in the process and we wish them continued success in the days ahead."
Jason Colosky, CEO of WATCHTOWER Firearms, said, "We are excited to have completed the strategic acquisition of F-1 Firearms and look forward to growing substantially for years to come. We were impressed with the company's capabilities and the quality of the management team. We are glad to have been introduced to the opportunity by Exit Partners and enjoyed working with them to complete the transaction."
Exit Partners is an M&A advisory firm based in Plano, TX, providing sell-side, buy-side, and strategic advisory services to well-positioned companies and institutions operating in a number of industries. Its founding partners have advised on the closing of $11 billion in aggregate transaction value.
WATCHTOWER Firearms' purpose is to build the next great American firearms company.
https://watchtowerfirearms.com
Pull Quote
At a very early stage in the process, Exit Partners introduced us to the ultimate acquirer... In the end, we achieved all our goals for the transaction and are glad to have hired who we did to do the job. Would recommend them to others in our shoes.
Media Contact
Jon Mueller, Exit Partners, LLC, 1 214-295-4754, [email protected], https://www.exitpartners.com
SOURCE Exit Partners, LLC
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