DALLAS, Sept. 1, 2011 /PRNewswire/ — 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.”