Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Savage Sports Corporation
Sale from Long Point Capital to Norwest Equity Partners
Baird served as exclusive financial advisor to Savage Sports Corporation
Savage Sports Corporation (“Savage” or the “Company”), a portfolio company of Long Point Capital, recently announced that Norwest Equity Partners ("NEP") has made a significant investment in the Company.
Based in Westfield, Massachusetts, Savage is one of the world's premier providers of outdoor sportsman products. Operating under the brand names of Savage Arms, BowTech and Savage Range Systems, the Company designs, manufactures and markets a broad range of rifles, shotguns, archery and range systems primarily used for hunting, competitive and recreational target shooting. The Savage Arms brand was first established in the late nineteenth century by Arthur Savage and since then has expanded into a portfolio of well-known, market leading brands that also include Stevens and Fox.
Long Point Capital is a private equity fund with offices in Michigan and New York. With $315 million of capital under management, the firm focuses on partnering with successful entrepreneurs of middle market businesses to help them achieve their financial goals.
Norwest Equity Partners, founded over 50 years ago, is a leading middle market investment firm that manages more than $4 billion of private equity capital. Headquartered in Minneapolis, the firm partners with business owners to build their businesses into industry leaders. NEP was first introduced to Savage eight years ago when Norwest Mezzanine Partners, NEP’s affiliated mezzanine fund, made an investment in support of Long Point Capital’s recapitalization of the business.