Long Point Capital is pleased to announce the recent add-on acquisition by its portfolio company, Savage Sports Corporation. Savage purchased Porta Target, a leading manufacturer of shooting ranges, targets, and shoot houses.
Porta Target's mission is to provide the law enforcement and military community with the best training equipment possible. Its shoot houses provide a realistic training experience, with walls, windows, hallways, and targets. The combination of Porta Target's products with Savage's Range Systems business allows Savage to provide a comprehensive product line to its customers in the law enforcement, military, and shooting range industries.
"Porta target is an ideal addition," says Eoin Stafford, Vice President and General Manager of Savage Range Systems, "based on the synergy of products, common markets, and the fact that both companies enjoy excellent reputations for innovation, quality and service."
For Questions on this transaction, please contact
Bill Ughetta, 212-593-1800 or wughetta@longpointcapital.com
Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $5 billion. Long Point Capital manages approximately $315 million of capital and focuses on investments in manufacturing, distribution, or industrial service companies, with revenues between $30 million to $200 million.
