Surgeon Rifles Inc. SOLD????

Discussion in 'General Discussion' started by The Surgeon, Sep 14, 2011.

  1. The Surgeon

    The Surgeon Well-Known Member

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    Home / Citybiznews / Mergers & Acquisitions /
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    Generational Equity Announces Acquisition of Surgeon Rifles, Inc. by Strategic Armory Corps.

    Posted September 1, 2011
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    DALLAS -- Generational Equity, a leading mergers and acquisitions advisor for privately-held and family-owned businesses, is pleased to announce the sale of its client, Surgeon Rifles, Inc. to Strategic Armory Corps. The transaction closed on August 19, 2011, and was led by Managing Directors Terry Mackin and Fred Phillips, and Assistant Vice President Kyle Coe. "Both entities worked hard to construct a deal that would be beneficial to both parties and maintain the sterling reputation of Surgeon Rifles," said Generational Equity's Managing Director Terry Mackin.

    Born out of an obsession for quality and precision, Preston Pritchett founded Surgeon Rifles near Prague, Oklahoma. Based on input from fellow shooters and friends, Surgeon Rifles manufactures a variety of the highest quality rifles, actions and other accessories for custom hunting and tactical rifle enthusiasts. All Surgeon Rifles and actions are built using the latest and most innovative equipment to ensure quality control and maintain specifications.

    Pritchett will remain with the Company and assist Strategic Armory in the expansion of its other products and services.

    "Surgeon Rifles was an excellent acquisition for Strategic Armory Corps," said Generational Equity President Ryan Binkley. "Being able to capitalize on Surgeon's reputation and services truly presents Strategic Armory with a competitive edge in the arms manufacturing industry."

    About Generational Equity

    Generational Equity provides mergers, acquisitions, strategic growth advisory services, and information for privately held and family-owned businesses to exit their business successfully. Generational Equity uses a four-phase approach that includes education, financial analysis and reporting, sales documentation and deal-making ability to offer business owners an unparalleled level of commitment and experience, all focused on helping to release the generational equity and wealth in every business. Generational Equity is headquartered in Dallas, TX, and has more than 200 professionals in North America. For more information visit the website at Generational Equity or Generational Equity - News and Press - Dallas, Texas.


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  2. The Surgeon

    The Surgeon Well-Known Member

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    I am going to call Steve in the morning and find out what this means for rifles sold before the merger and how it may affect the warranty. I will also find out if they are going to remain in Oklahoma. Anyway, I have many question for Steve. I am very sadden by this news. Surgeon has been in Oklahoma for many years and I am disappointed to see this. I am sure Preston had his reasons but that does not mean I have to like it.
     

  3. JeffVN

    JeffVN Well-Known Member

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    Big +1 on that. I'm certain Preston had his reason, but I don't have to like it. I have 2 Surgeons in my safe now, one is serial number 0000084. I saw what happened to Neseka after their sale to Dakota, and it was NOT pretty.

    JeffVN
     
  4. The Surgeon

    The Surgeon Well-Known Member

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    What little bit I know about Strategic is that they have a lot of military contracts.
     
    Last edited: Sep 14, 2011
  5. The Surgeon

    The Surgeon Well-Known Member

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    I talked to Kay at Surgeon, nothing is changing.
     
  6. silvertip-co

    silvertip-co Well-Known Member

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    never heard of em. must be a penny stock deal.