Buyout (LBO, MBO, MBI) • Defense

Point Lookout Capital Partners Acquires Penn Arms

On June 12, 2008, private equity firm Point Lookout Capital Partners acquired defense company Penn Arms

Acquisition Context
  • This is Point Lookout Capital Partners’ 2nd transaction in the Defense sector.
  • This is Point Lookout Capital Partners’ 2nd transaction in the United States.
  • This is Point Lookout Capital Partners’ 2nd transaction in Pennsylvania.
Investment Fate
  • Penn Arms was sold to a strategic buyer in 2009.

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M&A Deal Summary

Date June 12, 2008
Target Penn Arms
Sector Defense
Buyer(s) Point Lookout Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Penn Arms

Jamestown, Pennsylvania, United States
Penn Arms, Inc. is a developer and manufacturer of various caliber firearms for law enforcement and military applications. Penn Arms specializes in single and multi-shot launchers capable of rapidly deploying various types of ammunition used in riot suppression and other crowd control operations. Penn Arms was founded in 1989 and is based in Jamestown, Pennsylvania.
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Buyer Overview 1

Buyer
DESCRIPTION

Point Lookout Capital Partners is a private investment firm focused on control investments in US based businesses. The firm prefers investment situations where current management or owners desire to stay with the business. Point Lookout targets companies with cash flow of $2 to $10 million and generally invests $5 to $15 million of equity capital per transaction - although the firm will consider select investments requiring less than $5 million of capital. Sectors of interest include defense, media, consumer products and manufacturing. Point Lookout Capital Partners is based in New York City.


Deal Context for Buyer #
Overall 2 of 4
Sector: Defense 2 of 2
Type: Buyout (LBO, MBO, MBI) 2 of 3
State: Pennsylvania 2 of 2
Country: United States 2 of 4
Year: 2008 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-14 Combined Systems

Jamestown, Pennsylvania, United States

Combined Systems manufactures branded less-lethal munitions, anti-riot products, and other related products that serve the military and law enforcement markets in the United States and abroad. Combined Systems was founded in 1981 and is based in Jamestown, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-03 Tri-Tech Forensics

Leland, North Carolina, United States

Tri-Tech Forensics is a developer, manufacturer, and marketer of DNA collection kits and forensic crime scene investigation products. Tri-Tech Forensics was founded in 1983 and is based in Leland, North Carolina.

Buy -