Powell Max pursues Blackrod acquisition as first step in defense expansion
PMAX•Powell Max is pursuing the remaining ownership interests in Blackrod Holdings, which holds exclusive rights to manufacture and sell Remington Firearms. A September 2026 agreement allows up to 12 months of exclusive negotiations, but funding has not been secured and completion requires a definitive agreement, financing and approvals.
1. Acquisition discussions
Powell Max said it is pursuing the remaining ownership interests in Blackrod Holdings as the first step toward building a defense and security group. Blackrod holds exclusive rights to manufacture and sell Remington Firearms, and Powell Max announced an initial 1.5% equity investment in September 2026. The agreement provides up to 12 months of exclusive negotiations; completion requires a definitive agreement, financing and necessary approvals, and funding has not been secured. Other defense and security opportunities remain exploratory.
