Hoover Tactical Firearms was recently purchased for $3.225 million by Sanders Capital Partners. According to Sanders Capital, the acquisition is the latest in its investments throughout the Southeast, Midwest and Southwest over the past seven years.
In its announcement, Sanders Capital cited Hoover Tactical Firearms’ support for veterans and charitable organizations. The 51,960 square-foot retail store hosts events for Hoover and the greater Birmingham area.
The store includes a pro-shop and an archery and firearms range.
“Their facilities are ideal for those looking for expert training resources and the proper equipment for their outdoor and shooting sport pursuits,” said Jackson Stewart, executive vice president & general counsel for Sanders Capital Partners.
David Palmore is a contributing writer for Yellowhammer News.