Smith & Wesson Acquires Universal Safety Response
Smith & Wesson Holding Corporation, parent company of Smith & Wesson Corp., the legendary 157-year old company in the global business of safety, security, protection and sport, has acquired Universal Safety Response, Inc. (USR), a privately held, full-service security systems solutions provider, for aggregate consideration of up to $78 million, consisting of $52.5 million at closing (in Smith and Wesson common stock and cash) with an 18 month earn out of up to $25.5 million in additional Smith and Wesson common stock. In addition, various use shareholder loans of approximately $7.1 million were paid in full.
USR, founded in 1994 and headquartered in Franklin, Tennessee, is a full-service, uniquely positioned, fast-growing provider of integrated perimeter security solutions. USR serves a variety of clients in the defense, transportation and petrol-chemical industries, as well as corporate facilities, airports, Fortune 500 companies, national laboratories and museums.
The Bass, Berry & Sims PLC team of Howard Lamar, Laura Brothers, Scott Bell, Mike Kuffner, Rishab Jaju, and Matt Sinback represented USR in the transaction.
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