Georgetown, Texas – January 20, 2016– STI International announced today that Westwind Investors has entered into an exclusive agreement to invest in the company. After meeting with management in December, Westwind formalized their intent earlier this month and anticipates closing on the transaction by April 1, 2016.
“We have been interested in the shooting sports industry for quite some time but had not found the right combination of quality product and strong management. STI is a premium product and has the opportunity to bring their success with competitive shooters to the broader handgun market,” said Nathan Horvath, Managing Director of Westwind Investors. He continued, “We are also very excited about the dedicated new management team and direction the company has taken.”
“Westwind is the kind of partner you look for to achieve long-term goals,” said Greg Mooney CEO of STI International. “We have aggressive plans for growth and Westwind can not only support those goals financially, but also through their management strategy and brand development capabilities.”
About STI International, Inc.
STI is an employee-owned company based out of Georgetown, TX, and is the premier manufacturer of 1911 and 2011® style firearms. The company is dedicated to providing the highest quality firearms for competition, duty, and self-defense use. From introducing the firearms industry to the precision world of “EDM” hammers, sears, and other components to the invention of the legendary 2011 platform, STI has continually led the firearms market in product development and quality.
About Westwind Investors
Westwind is a private holding company dedicated to building great businesses in partnership with management teams. We invest our own capital for the long-term, and believe that owning great companies forever is smart. We have no outside investors and no requirement to make investments, and thus, we are highly selective, focusing on those opportunities where we have passion and conviction that long-term success will be achieved. As a result, we care deeply about every company we own and work closely with them to build unique and lasting value for all of a company’s stakeholders.
For more information, please contact the STI International at .