Last updated October 2026 · By Nick Hall, who tracks firearms-industry ownership deals and read GrabAGun’s 8-K, press release and investor deck on the Camfour purchase
Quick take: GrabAGun, the online gun store that trades on the NYSE as PEW, now owns Camfour, a wholesale distributor that has supplied independent gun shops since 1952. It paid about $34 million, all cash, and says Camfour keeps its name, its sales team and its dealer terms.
- What changed: GrabAGun Digital Holdings signed and closed the Camfour purchase on October 26, 2026, then announced it on October 27.
- Why it matters: An online retailer that sells guns to consumers now also owns a distributor that sells guns to the independent dealers those consumers walk into.
- Affects: Dealers who order from Camfour, the manufacturers whose lines it carries, and GrabAGun shoppers, whose orders are completed through a licensed FFL.
- What’s next: GrabAGun reports third-quarter results on November 12, 2026, with more Camfour commentary promised on the 4:30 pm Eastern call.
Most firearms deals run sideways, one gunmaker buying another, the way Smith & Wesson took Savage Arms the week before. This one runs down the supply chain. A retailer just bought the wholesaler it was already buying from. We pulled the 8-K, the press release and the investor deck so you don’t have to.
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Table of Contents
What GrabAGun Paid for Camfour, and How It Paid
GrabAGun’s press release puts the price at approximately $34.0 million in cash, subject to customary adjustments for net working capital, cash, debt and transaction expenses. The money came from cash already on the balance sheet. No outside financing, and no new GrabAGun shares were issued, so existing stockholders took no dilution.
The Form 8-K fills in the plumbing. GrabAGun bought 100% of Camfour from Camfour Holding, Inc., a Massachusetts corporation, after Camfour Inc. was converted into a Texas limited liability company, Camfour LLC. Part of the price sits in escrow: $119,000 for retainage, $1.7 million for indemnity claims, and a third pot tied to certain unpaid Camfour receivables billed on non-standard installment terms.
Here’s the number that tells you what kind of deal this is. GrabAGun says the price “was valued primarily based upon” Camfour’s inventory and receivables, net of the operating liabilities it took on. Camfour booked audited net revenue of about $77.4 million in 2025, so GrabAGun paid less than half a year of sales. For comparison, Smith & Wesson paid roughly one year of Savage’s revenue.
One wrinkle in that $77.4 million. Part of it came from sales to GrabAGun itself, and the company says that slice will be eliminated in consolidation going forward. The 8-K is blunt about the history: “Prior to the Acquisition, Camfour was a vendor to the Company.”
Who Camfour Is, and Why an Online Gun Store Wants a Distributor
Camfour was founded in 1952 and is based in Westfield, Massachusetts. It sells guns, ammo and outdoor gear wholesale to independent retailers, and it gives those shops sales coverage and business-to-business credit. That last piece matters more than it sounds. A small shop buying inventory on terms is a shop that can keep a full case without paying for every gun up front.
GrabAGun, based in Coppell, Texas, comes at the business from the other end. It says it has spent 16 years building software for pricing, demand forecasting, procurement and compliance, with automated pricing across about 73,000 active SKUs and an eGunbook compliance system that has supported more than one million direct-ship transactions. GrabAGun also makes the list of the best online gun stores in the country.
The pitch is to point that demand data at Camfour’s purchasing and inventory. “We believe this is a disciplined use of capital, supported by substantial inventory and receivables,” said Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings.
Camfour’s president sounded like a man reassuring his customers. “For 74 years, Camfour has built its reputation through dependable service, product variety, competitive pricing, and close relationships with firearm dealers and manufacturers,” said Malcolm Getz, President of Camfour.
What the Camfour Deal Means for Dealers
If you run a shop that orders from Camfour, the company’s answer is that nothing changes on your end. Camfour stays a separate business “with its own name, sales team, and dealer terms.” Dealers keep ordering through existing channels, with current sales contacts and account arrangements “remaining in place at closing.”
Note the last two words. “At closing” is a statement about October 26, not a promise about next year. The investor deck goes a step further and says “Each business keeps its own management, pricing and customer terms.” Nemati’s line on it: “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.”
But GrabAGun’s own risk language names the obvious worry. Among the things that could go wrong, it lists the possibility “that dealer or manufacturer relationships may not be retained following the transaction.” A dealer who competes with online stores for the same buyer is now buying inventory from a company owned by one of them, and the filings leave it to each shop to decide how comfortable that feels.
What GrabAGun says it wants to add is more supply, not less. It plans to help Camfour pick up new manufacturer lines, expand drop-ship programs and move more volume through the network.
What Changes at the Checkout for Gun Buyers
Nothing in the filings changes how you buy from GrabAGun. The deck says all consumer firearm sales are completed through a licensed FFL, which is the same FFL transfer process online gun buyers already use.
Prices are the open question, and the company does not answer it. GrabAGun’s stated goal is “improving purchasing economics, inventory productivity, and product availability.” Better purchasing economics for the parent company and lower prices for you are two different things, and no number in the 8-K, press release or deck says how, or whether, any savings reach the price tag at GrabAGun or at a Camfour dealer.
If the forecasting pitch works, it should show up as better product availability, the outcome GrabAGun itself names. If it doesn’t, Camfour dealers have the same supplier, the same rep and a new owner.
The November 12 Call and the Numbers Still to Come
GrabAGun reports third-quarter 2026 results after the market closes on Thursday, November 12, and says its 4:30 pm Eastern call will include more on Camfour. Camfour’s own financial statements and pro forma figures are due in an amendment to the 8-K no later than 71 days after the original report was due.
The ownership change also has a federal step. The sellers agreed to help give written notice to ATF of the change of control of Camfour and to help move certain federal, state and local licenses and permits across. The agreement carries non-compete and non-solicitation covenants, and GrabAGun bought representations and warranties insurance on the deal.
Same name. Same sales team. A new owner that also sells guns online.
Frequently Asked Questions
Who owns Camfour?
GrabAGun Digital Holdings Inc. (NYSE: PEW) owns Camfour. It bought 100% of the company on October 26, 2026, and Camfour LLC is now a wholly owned subsidiary.
How much did GrabAGun pay for Camfour?
About $34.0 million in cash, subject to customary adjustments for net working capital, cash, debt and transaction expenses. It was paid from cash on hand, with no outside financing and no new GrabAGun shares issued.
What is Camfour?
Camfour is a wholesale distributor of firearms, ammunition and outdoor products, founded in 1952 and based in Westfield, Massachusetts. It serves independent retailers with wholesale ordering, sales coverage and business-to-business credit. Its audited 2025 net revenue was about $77.4 million.
Is Camfour still operating under its own name?
Yes. GrabAGun says Camfour continues as a separate business with its own name, sales team and dealer terms, and that dealers keep ordering through existing channels with their current sales contacts and account arrangements in place at closing.
Will GrabAGun prices go down because of the Camfour deal?
The company has not said. GrabAGun describes the goal as better purchasing economics, inventory productivity and product availability, but none of its filings give a figure or a promise about retail prices.
Does buying a gun from GrabAGun still go through an FFL?
Yes. GrabAGun says all consumer firearm sales are completed through a licensed FFL, so an online order is still completed at a licensed dealer, background check included.
What is the stock ticker for GrabAGun?
GrabAGun Digital Holdings trades on the New York Stock Exchange under the ticker PEW. Its warrants trade as PEWW.
When will GrabAGun share more details on Camfour?
GrabAGun reports third-quarter 2026 results after market close on Thursday, November 12, 2026, with a 4:30 pm Eastern call that will include more on Camfour. Camfour financial statements are due in an amendment to the 8-K within 71 days of the original filing deadline.
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