Houlihan Lokey Advises Anderson Manufacturing

Houlihan Lokey is pleased to announce that the assets of Anderson Manufacturing (Anderson), a manufacturer of firearms and firearm accessories, have been acquired by Sturm, Ruger & Co., Inc. (NYSE:RGR; Ruger), one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. The transaction closed on July 1, 2025.

Headquartered in Hebron, Kentucky, and founded in 1955, Anderson is a manufacturer of firearms and firearm accessories. This strategic purchase includes Anderson’s manufacturing facility and machinery and will provide Ruger the opportunity to work with a skilled and experienced workforce, strengthening its production capabilities and expanding its product offerings. Located in a firearms-friendly region, the facility brings valuable expertise in the production of both firearms and aftermarket parts and accessories—areas that complement and enhance Ruger’s existing offerings.

Based in Southport, Connecticut, Ruger is one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands. For more than 75 years, Ruger has been a model of corporate community and responsibility.

Houlihan Lokey acted as the exclusive financial advisor to Anderson and assisted in initiating and negotiating the transaction on its behalf.

This transaction reinforces Houlihan Lokey’s strong global presence and extensive experience in the tactical, defense, and firearms sectors, demonstrating the team’s exceptional success rate and continued momentum and performance.

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