- \n
- Adds an established national wholesale distributor with significant manufacturer and independent dealer relationships<\/i><\/li>\n
- Combines Camfour\u2019s distribution infrastructure with GrabAGun\u2019s technology, AI, data analytics, and logistics capabilities with the goal of improving purchasing economics, inventory productivity, and product availability<\/i><\/li>\n
- $34.0 million all-cash transaction, funded entirely from cash on hand with no external financing or equity issuance<\/i><\/li>\n<\/ul>\n
COPPELL, Texas–(BUSINESS WIRE<\/a>)–
\nGrabAGun Digital Holdings Inc. (\u201cGrabAGun,\u201d \u201cwe,\u201d \u201cus,\u201d \u201cour,\u201d or the \u201cCompany\u201d) (NYSE: PEW), a technology-driven commerce, distribution, and logistics company serving the firearms, ammunition, and outdoor industry, today announced it has completed the acquisition of Camfour LLC (\u201cCamfour\u201d), a privately held wholesale distributor of firearms, ammunition, and outdoor products, for approximately $34.0 million in cash, subject to customary adjustments including for net working capital. The transaction consideration was valued primarily based upon Camfour\u2019s inventory and receivables acquired net of operating liabilities assumed. Camfour generated audited net revenue of approximately $77.4 million in the fiscal year ended December 31, 2025, a portion of which was generated from sales to the Company and will be eliminated in consolidation in future periods.<\/p>\nAcquisition Expands Distribution Reach and Operating Capabilities<\/b><\/p>\n
\nThe acquisition extends GrabAGun\u2019s reach beyond its direct-to-consumer business, adding Camfour\u2019s established wholesale distribution network, manufacturer relationships, and dealer infrastructure to the Company\u2019s existing technology, digital commerce, and logistics capabilities. By applying the Company\u2019s proprietary technology, AI, and data analytics across purchasing, inventory management, and distribution operations, GrabAGun believes these capabilities can improve operating efficiency, strengthen product availability, and create new opportunities for profitable growth at Camfour. As the industry consolidates, the Company believes manufacturers will increasingly value relationships that can reach both independent dealers and consumers efficiently and compliantly. Key strategic and operating benefits include:<\/p>\n
- \n
- Established dealer network.<\/b> Camfour brings a robust network of dealer relationships and the sales, credit, and distribution infrastructure to serve them at scale. The acquisition gives GrabAGun immediate access to a nationwide wholesale network built over decades, compressing years of organic expansion into a single transaction.\n<\/li>\n
- Expanded manufacturer relationships.<\/b> Camfour brings an extensive portfolio of manufacturer lines and the infrastructure to move more products through more channels. GrabAGun intends to support Camfour\u2019s growth by applying its demand data and logistics capabilities to help Camfour add manufacturer lines, expand drop-ship programs, and increase the volume moving through its network.\n<\/li>\n
- Technology, AI, and analytics.<\/b> GrabAGun\u2019s proprietary platform already uses AI-driven demand forecasting, automated pricing across approximately 73,000 active SKUs, automated procurement and inventory synchronization, and its eGunbook compliance system, which has supported more than one million direct-ship transactions. The acquisition creates an opportunity to deploy that intelligence across Camfour\u2019s wholesale operations, which has the potential to transform how inventory is forecast, products are sourced, purchasing decisions are made, and dealers are served.\n<\/li>\n
- Complementary routes to market.<\/b> With Camfour, GrabAGun now operates across three complementary channels: digital retail, wholesale distribution, and manufacturer logistics. Each business maintains its own customer relationships and commercial independence, while the broader platform gives manufacturers more ways to reach the market, move inventory, and serve customers. Manufacturers can access wholesale distribution through Camfour, technology-enabled fulfillment through PEW Logistics, and consumer demand through GrabAGun.com, with the flexibility to engage each business independently.\n<\/li>\n
- More valuable together.<\/b> Camfour brings decades of industry expertise, established distribution infrastructure, and trusted manufacturer and dealer relationships that strengthen GrabAGun\u2019s product access and purchasing scale. GrabAGun, a long-standing Camfour customer, brings consumer demand data, proprietary technology, and the tools to modernize Camfour\u2019s ordering, inventory management, and dealer service. We believe each business can make the other more competitive than it could be on its own.\n<\/li>\n<\/ul>\n
\n\u201cWe have spent the last 16 years investing in technology, data, analytics, and logistics to make our business more efficient and competitive,\u201d said Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings Inc. \u201cBringing these capabilities together gives us an opportunity to improve inventory management, purchasing, and distribution economics while expanding our reach across the industry. We believe this is a disciplined use of capital, supported by substantial inventory and receivables, with meaningful opportunities to strengthen long-term earnings and cash generation. Just as importantly, Camfour will continue to operate as its own business under the Camfour name, preserving the relationships and industry expertise that make it valuable in the first place.\u201d<\/p>\n
\n\u201cFor 74 years, Camfour has built its reputation through dependable service, product variety, competitive pricing, and close relationships with firearm dealers and manufacturers,\u201d said Malcolm Getz, President of Camfour. \u201cWe believe GrabAGun is the right strategic partner to help Camfour build on that foundation. This combination gives Camfour access to additional technology, e-commerce, logistics, and financial resources while maintaining a strong commitment to the dealer channel and the relationships that have defined our company.\u201d<\/p>\n
\nThe approximately $34.0 million all-cash transaction was funded from GrabAGun\u2019s existing cash reserves, with no external financing required. The purchase price is based on a cash-free, debt-free valuation and remains subject to customary adjustments for net working capital, cash, indebtedness, and transaction expenses. No shares of GrabAGun common stock were issued in connection with the acquisition, resulting in no transaction-related equity dilution. The transaction closed on October 26, 2026.<\/p>\n
Operating Priorities<\/b><\/p>\n
\nCamfour will continue to operate as a separate business, with its own name, sales team, and dealer terms, preserving the dealer and manufacturer relationships and industry expertise built over more than seven decades. Camfour\u2019s dealers will continue ordering through existing channels, with current sales contacts and account arrangements remaining in place at closing. GrabAGun intends to strengthen that foundation by deploying its technology, AI, data analytics, and logistics capabilities to improve Camfour\u2019s purchasing, inventory productivity, and distribution efficiency. PEW Logistics will remain a separate business, with its own commercial relationships and fulfillment services available to manufacturers who choose to use them. Manufacturers will retain the flexibility to work with Camfour, PEW Logistics, or both, without being required to adopt either model. The Company\u2019s priority is to make each business more competitive while expanding the capabilities and reach of the broader platform.<\/p>\n
Third Quarter 2026 Earnings<\/b><\/p>\n
\nGrabAGun is scheduled to report its third quarter 2026 financial results on Thursday, November 12, 2026, after market close. The Company will host a conference call at 4:30 pm Eastern Time to discuss its quarterly results and provide additional commentary on the Camfour acquisition.<\/p>\n
Supplemental Investor Information<\/b><\/p>\n
\nGrabAGun has posted a supplemental investor presentation with additional information about the transaction, including an overview of Camfour, the strategic rationale, the purchase price and liquidity, and operating priorities. The presentation is available under the Events & Presentations section of the Company\u2019s Investor Relations website at investors.grabagun.com<\/a>.<\/p>\n
Advisors<\/b><\/p>\n
\nHaynes and Boone, LLP and Mark Barnes & Associates served as legal counsel to GrabAGun. Siddall & Siddall P.C. and Bulkley, Richardson and Gelinas, LLP served as legal counsel to Camfour.<\/p>\n
About GrabAGun Digital Holdings Inc.<\/b><\/p>\n
\nGrabAGun Digital Holdings Inc. (NYSE: PEW) is a technology-driven commerce, distribution, and logistics company serving the firearms, ammunition, and outdoor industry. The Company operates across three complementary capabilities: digital retail through GrabAGun.com, operated by its wholly-owned subsidiary GrabAGun LLC; wholesale distribution through its wholly-owned subsidiary Camfour LLC; and manufacturer logistics and platform services through its wholly-owned subsidiary PEW Logistics LLC. GrabAGun.com is one of the nation\u2019s leading online firearms retailers, built on 16 years of proprietary technology spanning inventory and order management, pricing, demand forecasting, and regulatory compliance. PEW Logistics provides manufacturers with technology-enabled fulfillment, compliance, data, marketing, and direct-to-consumer capabilities. Together with Camfour, these separately operated businesses connect manufacturers, independent dealers, and consumers, with a goal of improving product access, distribution efficiency, and industry connectivity. For more information, visit investors.grabagun.com<\/a>.<\/p>\n
About Camfour<\/b><\/p>\n
\nFounded in 1952 and headquartered in Westfield, Massachusetts, Camfour is a wholesale distributor of firearms, ammunition, and outdoor products with 74 years of operating history. Camfour serves independent retailers with wholesale ordering, sales coverage, and business-to-business credit.<\/p>\n
Forward-Looking Statements<\/b><\/p>\n
\nThis news release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995 (the \u201cPSLRA\u201d), Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Any statements other than statements of historical fact contained herein are forward-looking statements, including statements regarding the anticipated benefits of the transaction, expected integration plans, priorities and milestones; opportunities to pursue additional manufacturer lines, expand drop-ship capabilities and develop manufacturer-supported dealer and marketing programs; the growth of PEW Logistics; the Company\u2019s liquidity; anticipated purchasing and operating economics; the expected effect of the transaction on the Company\u2019s revenue mix, gross margins, profitability and cash generation; and the Company\u2019s capital allocation intentions. Forward-looking statements reflect our beliefs and expectations based on current estimates and projections. While we believe these expectations, and the estimates and projections on which they are based, are reasonable and were made in good faith, these statements are subject to numerous risks and uncertainties, many of which are difficult to predict and beyond our control. Forward-looking statements can also be identified by words such as \u201cfuture,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cestimates,\u201d \u201cbudgets,\u201d \u201cprojects,\u201d \u201cstrategy,\u201d \u201cguidance,\u201d \u201coutlook,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201cseek,\u201d \u201ccontinue,\u201d \u201ctarget,\u201d \u201cgoal,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201ccan,\u201d \u201cmay,\u201d and similar terms, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance, and the Company\u2019s actual results may differ significantly from the results discussed in the forward-looking statements. Risks and uncertainties include, without limitation, the possibility that the Company may not achieve the expected working-capital, inventory, or relationship-continuity outcomes of the transaction; that the Company may not realize the anticipated strategic, purchasing, or operating benefits of the transaction, including expected synergies, within the expected time frame or at all; that integration of Camfour\u2019s operations may take longer or cost more than expected, or may divert management\u2019s attention from the Company\u2019s existing operations; that the Company may be unable to retain key employees; that dealer or manufacturer relationships may not be retained following the transaction; that acquired inventory may be valued or realized at less than expected; that the final purchase price may differ from the amount stated in this news release as a result of post-closing adjustments; and that the transaction may adversely affect the Company\u2019s liquidity. Additional factors that might cause such differences include, but are not limited to, those discussed under the heading \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the United States Securities and Exchange Commission (\u201cSEC\u201d) on March 12, 2026, the Company\u2019s Quarterly Reports on Form 10-Q, and other documents filed or to be filed by GrabAGun from time to time with the SEC, which are available on the SEC\u2019s website at www.sec.gov<\/a>. The foregoing list of factors is not exhaustive, and new risks may emerge from time to time. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA. Recipients are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements included herein are only made as of the date of this news release, or if earlier, as of the date they were made, and we undertake no obligation to correct, update, or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required under federal securities laws.<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261027069028\/en\/<\/a><\/span><\/p>\n
For more information, please contact:<\/b><\/p>\n
\nMedia Inquiries
\n
media@grabagun.com<\/a><\/p>\n - Expanded manufacturer relationships.<\/b> Camfour brings an extensive portfolio of manufacturer lines and the infrastructure to move more products through more channels. GrabAGun intends to support Camfour\u2019s growth by applying its demand data and logistics capabilities to help Camfour add manufacturer lines, expand drop-ship programs, and increase the volume moving through its network.\n<\/li>\n
- Combines Camfour\u2019s distribution infrastructure with GrabAGun\u2019s technology, AI, data analytics, and logistics capabilities with the goal of improving purchasing economics, inventory productivity, and product availability<\/i><\/li>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20261027069028\/en\/2852338\/3\/PEW_Logo.jpg\"){kind=logo}
<\/td>\n<\/tr>\n