A 74-year-old Westfield institution has a new owner. Camfour, the firearms distributor based at 65 Westfield Industrial Park Road, has been sold for $34 million to GrabAGun Digital Holdings Inc., a publicly traded company based in Texas whose stock trades on the New York Stock Exchange under the ticker PEW. The sellers were Peter A. Picknelly and two other local investors who had owned the company for about 20 years.
Picknelly, who owned Camfour alongside partners Brian Stefano and Malcolm C. Getz, kept his explanation simple: “it was time,” he said, as reported by MassLive. GrabAGun disclosed the sale in filings to the federal Securities and Exchange Commission last month, and according to Investing.com, the all-cash transaction officially closed on October 26, just after the company's third fiscal quarter ended. GrabAGun funded the roughly $34 million purchase price entirely from cash on hand, with no external financing or share issuance, the outlet reported.
Camfour brought real scale to the deal. The company generated approximately $77.4 million in audited net revenue for fiscal 2025, per the same Investing.com report. GrabAGun's own third-quarter revenue told a different story heading into the acquisition, falling 4.7% year over year to $21.2 million, even as gross profit surged 44% to $3.1 million and gross margin climbed 480 basis points to 14.4%.
Camfour Stays Camfour, For Now
Despite the ownership change, Camfour is set up to operate separately from GrabAGun, according to a company statement. The distributor will continue as its own business with its own name, sales team, retailer relationships, buying, pricing, terms and customer service. Beth Cross will serve as acting president of Camfour, per a letter sent to dealers, while Getz is staying on as an officer of the company he once co-owned.
Getz said in a statement that Camfour's new affiliation will bring technology, e-commerce, logistics and financial resources to the distributor while preserving its commitment to its dealer channel and existing relationships. GrabAGun.com describes itself as a technology-driven online firearms retailer, a description that fits the strategic logic of folding a legacy wholesale distributor into its national platform.
Locally, the deal appears to preserve jobs for now. GrabAGun plans to maintain Camfour's operations in Westfield with about 50 employees, according to Picknelly, and the company has signed a yearlong lease on the Westfield warehouse. Camfour employment is seasonal, and Picknelly's investor group continues to own Camfour's real estate even after selling the business itself.
A Family Business Dating to 1952
Camfour's roots run deep in Westfield. Albert Ferst bought the company in 1952, when it was a fishing tackle operation, and built it into the firearms distributor it is today. Ferst retired as Camfour's president in 1998 and died in 2011 at age 92.
The sale lands amid a broader wave of consolidation in the Western Massachusetts firearms industry. Smith & Wesson bought Westfield gun manufacturer Savage Arms last month for $160 million in stock and cash, according to MassLive, and Savage Arms is located near Camfour in Westfield. Smith & Wesson has said it does not intend to consolidate Savage's Westfield and Lakefield, Ontario, factory locations, and the company communicated those plans to all 508 Savage Arms employees, including those at both plants, according to a separate MassLive report.
On the trading floor, GrabAGun stock closed at $1.63 per share on Friday. For a company now absorbing a decades-old Massachusetts distributor with nearly $80 million in annual revenue, the Camfour deal marks one of its most significant bets yet on wholesale distribution as it builds out its national footprint.
