STAG Arms has been in a bit of trouble lately; legal, not financial. Simply put, they were (in my opinion) grossly negligent when it comes to the record-keeping & Handling of over 100 NFA full-auto lower receivers and over 3,000 un-serialized lowers.
As part of Stag’s settlement with the ATF, whereStag’s owner Mark Malkowski pleaded guilty on charges of mismanagement of controlled items, Mr. Malkowski lost his Federal Firearms License (though Stag was allowed to continue operation until new ownership was found). As part of the plea deal, Malkowski cannot own or manage a firearms company and Staid a half-million dollar fine.
Stag has found its buyer. White Wolf Capital, an investment-capital firm out of Miami has purchased the company in its entirety. Full Press Release can be found here.
Elie Azar, Managing Director of White Wolf, noted, “We are very excited to add Stag to our portfolio of outstanding companies in the firearms industry. Stag is an iconic brand with a well-deserved reputation for product excellence and world-class customer service. We look forward to partnering with Stag’s strong management team and employees to grow the Company through new and innovative product offerings. In addition, we are delighted that Mark Malkowski, Stag’s founder, has agreed to remain engaged with the Company as a consultant. Mark’s deep knowledge of the industry will be invaluable as we build upon the excellent foundation that he put in place.”
White Wolf Capital currently owns majority stakes in Aero Prevision (and Ballistic Advantage), owns VG6 Precision, a majority stake in Technicut Tool, and equity in Hilco Technologies.
Here’s to hoping that an investment capital company does not run some more good names into the ground!