Franklin Armory has been making lots of waves so far in 2018. From the straight cut barreled Reformation debuted at the 2018 SHOT Show, their Binary Trigger for the CZ Scorpion Evo to their new TR-4 Binary Trigger with a full-auto option (for legal full-auto firearms).
What else does Franklin Armory have up their sleeve? They recently announced that they have acquired Osprey Defense in an all-cash deal for all of their remaining inventory and patents. Osprey Defense is known for their drop-in gas-piston AR-15 conversion kits. This isn’t the first time Osprey Defense has changed hands. Back in 2014, they were purchased by Ark Defense Group who then sold Osprey Defense to Franklin Armory after pitching them the opportunity at the 2018 SHOT Show. Acquiring other companies seems to be very common in the firearms industry, as I’m sure is the case in most industries in general. I wonder how many of these deals are made while on a crazy night out on the Vegas Strip after the SHOT Show winds down? Stay tuned for gas-piston Reformations!
For more info visit franklinarmory.com.
From the Franklin Armory Press Release
Franklin Armory® Acquires Osprey Defense™
Minden, NV, May 29, 2018 – Innovative firearm and trigger manufacturer, Franklin Armory®, recently purchased Osprey Defense™ for their uniquely designed piston systems and accessories for the AR platform. The seller in this transaction, Ark Defense, presented the opportunity at SHOT Show this past January, and Franklin Armory® jumped at the chance to acquire the well designed, patented products.
Lee Tolleson, CEO and President of Ark Defense (the parent company of Osprey Defense™,) said, “With their company structure, innovative products, and stellar reputation, I can think of no better company than Franklin Armory® to take the Osprey Defense™ products to the next level.”
Jay Jacobson, President of Franklin Armory®, stated, “I’m excited to add this exceptional product line to our stable of proprietary accessories serving the firearms industry. We have already initiated the expansion of the excellent product offerings from Osprey Defense™ and look forward to introducing newly adapted patentable products by the end of the year.”
The all-cash transaction included the patent and existing inventory. All future operations will be conducted from the Franklin Armory® facilities in Minden, Nevada, and the company anticipates completing the move to Minden and making existing Osprey Defense™ OPS-416™ piston kits available sometime in quarter 3 of this year.
Franklin Armory® is one of the fastest growing manufacturers of AR-style firearms and accessories. The company focuses on proprietary products including the BFS™ series of triggers and F-17™ AR style hunting rifles. For questions regarding this press release, please contact [email protected]