Platinum Equity acquired GSM Outdoors from Gridiron Capital, who acquired GSM in November 2020.

GSM Outdoors has a portfolio of over 50 brands and an expansive distribution network, reaching retailers across the U.S. and Canada.

Platinum Equity aims to accelerate GSM’s growth through capital investment, in-house R&D, and further M&A opportunities.

Codan Tactical Communications acquired US-based Kägwerks, known for its radio-agnostic dismounted soldier systems.

Kägwerks’ technology will help Codan secure long-term contracts with the U.S. Department of Defense and participate in new military tenders.

This follows Codan’s acquisition of Domo Tactical Communications, strengthening its presence in global defense and law enforcement markets.

2A Group LLC has acquired Fort Worth-based CheaperThanDirt.com, known for its selection of ammunition and shooting accessories.

The acquisition excludes the firearms division of CheaperThanDirt, with the focus remaining on ammunition and accessories.

2A Group, which also manages LuckyGunner.com, aims to continue CheaperThanDirt’s legacy while expanding its reach in the shooting sports industry.

Montage Partners has acquired Military Fasteners, a B2B e-commerce distributor of mil-spec fasteners for aerospace and defense industries.

Incoming CEO David Ficadenti, formerly of Honeywell, will lead the company’s growth through expansion of marketing, business development, and customer service.

The company plans to open a new distribution facility in Phoenix to reduce shipping times and better serve key aerospace and defense hubs.

Sons of Liberty Gun Works (SOLGW) has acquired M4Carbine.net, an online firearms forum, to create a censorship-free platform for firearms discussions.

The acquisition aims to modernize the website with new features while maintaining its neutrality, professionalism, and sense of community.

The platform will continue to welcome advertisers and bring on board Robert Winner as the new Forum Manager.

Rheinmetall has acquired a 51% majority stake in South African engineering firm Resonant Holdings to enhance its ammunition production capabilities.

This acquisition is a response to the growing demand for ammunition factories to replenish stockpiles depleted by the Ukraine war.

This move follows Rheinmetall's €1.2 billion acquisition of Expal Systems and a €300 million investment in a new ammo plant in Germany.

SilencerCo acquired certain business operations of Zev Technologies, known for Glock customizations and innovative firearms.

Zev Technologies will shift focus from OEM operations under SilencerCo's guidance.

SilencerCo aims to bring additional resources and focus to Zev's brand and upcoming product launches.

C&H Family of Companies has acquired Paragon, a firearms cleaning solution company, after acquiring a majority stake in August 2023.

Paragon's operations will be integrated into C&H's new 50,000-square-foot facility in Richmond Hill, GA, which will also serve as a community hub.

This move is part of C&H's broader strategy to pursue strategic acquisitions in related markets.

Safe Haven Defense, a leading security window film provider, has recapitalized and partnered with Dominus Capital.

Safe Haven serves various sectors, including education, government, and healthcare, providing bullet-resistant security films across North America.

Founder Steve Johnson will remain a significant shareholder and continue as President, with Dominus operating partner Cameron Evans joining as CEO.

Hodgdon Powder Company acquired RCBS Reloading, a manufacturer of premium reloading equipment, from Vista Outdoor.

The acquisition includes the RCBS facility in Oroville, CA, doubling Hodgdon’s headcount and expanding manufacturing capabilities.

Hodgdon aims to integrate RCBS's reloading tools with its smokeless powder brands, enhancing its offerings to handloading customers.

Compass Diversified (CODI) sold Crosman, the airgun division of its Velocity Outdoor subsidiary, to Daisy Manufacturing Company.

Crosman, a pioneer in the air gun industry for over 100 years, designs and markets air guns and related accessories under several brands.

Proceeds from the transaction will be used by CODI to pay down debt and for general corporate purposes.

Czech Republic-based RSBC Investment Group acquired the Austrian arms maker Steyr Arms from SMH Holding.

Steyr is renowned for its military, police, and hunting rifles, including the iconic Steyr AUG.

RSBC will roll Steyr into a holding company with the Slovenian arms manufacturer AREX, which it acquired in 2017.

JDH Capital acquired Sierra Bullets and Barnes Bullets from Clarus, a multi-brand manufacturer and distributor of outdoor products.

Sierra and Barnes are known for their precision bullet technology, catering to hunters, sport shooters, military, and law enforcement.

Clarus will use the $175M proceeds to retire all of the company's outstanding debt.

Grace Engineering, known for precision manufacturing, has acquired Montana Rifle Company (MRC) to enter the firearms market.

The acquisition combines Grace Engineering's expertise in precision machining with the performance and reliability of MRC's rifles.

All Montana rifles will now be designed, manufactured, and assembled at Grace Engineering’s headquarters in Memphis, Michigan.