Smith and Wesson Brands completed its purchase of Savage Arms on October 21, 2026, for 160 million dollars paid with about 37.5 million dollars in cash and nine million shares. JDH Capital, selling through an indirect subsidiary, now holds about 16.7 percent of Smith and Wesson as the largest stockholder and obtained board representation. Savage generated about 160 million dollars in net sales for the 12 months ended September 30, 2026, and employs about 500 people, while the buyer expects about 18 million dollars in extra yearly adjusted earnings.

Smith and Wesson has not announced dropping Savage product lines, changing the Savage brand, moving manufacturing, or any particular new models. The firms, dating to 1852 and 1894, make firearms Americans use in exercising Second Amendment rights for self-defense, hunting, competition, and recreation.