Quick answer: three lower-middle-market deals with a disclosed price were completed or disclosed in Week 44 (October 26-30, 2026) — Boston Omaha’s $84.3M sale of its surety insurance unit to CopperPoint, L.B. Foster’s $52.2M purchase of Texas precast maker Dulworth Enterprises, and GrabAGun’s $34.0M acquisition of firearms wholesaler Camfour.
Each deal was read in the buyer’s own SEC filing or press release. Only deals with a disclosed price between roughly $10M and $100M are included, and each card says what the source did not disclose. Boston Omaha’s sale closed on October 23 but was only announced and filed on October 26, so it lands in this week’s filings.
| Acquirer | Target | Deal size | Announced | Type |
|---|---|---|---|---|
| CopperPoint Insurance Company | General Indemnity Group (from Boston Omaha) | $84.3M | Oct 23, 2026 | Strategic |
| GrabAGun Digital Holdings | Camfour | $34.0M | Oct 26, 2026 | Strategic |
| L.B. Foster Company | Dulworth Enterprises | $52.2M | Oct 28, 2026 | Strategic |
3 acquisitions from Week 44
Deal
CopperPoint Insurance Company → General Indemnity Group, LLC (GIG), the surety insurance business of Boston Omaha Corporation (NYSE: BOC)
- Price
- $84.3M gross sales price, all cash
- Status
- Closed · Oct 23, 2026 · announced Oct 26, 2026 · agreement signed May 18, 2026
- Sector
- Surety insurance · United States
The filings do not describe CopperPoint beyond naming it as the buyer. Boston Omaha says terms did not change from those announced when the Securities Purchase Agreement was signed on May 18, so the price was known for months before closing.
- Stake: 100% of the equity of GIG, which includes BOSS Bonds Insurance Agency and United Casualty and Surety Insurance Company
- Net to Boston Omaha: $75.3M at closing after transaction expenses, a $5.25M escrow, sale bonuses and management equity; it can also receive about 93% of the escrow
- Sellers: Boston Omaha and two GIG managers
- Also retained by Boston Omaha: 2,673,831 shares of Sky Harbour (NYSE: SKYH) and a $326,371 final dividend
- Use of proceeds: held as cash for new opportunities or its $30M share repurchase plan
- Not disclosed in the filing: GIG's revenue and profit
Deal
GrabAGun Digital Holdings Inc. (NYSE: PEW) → Camfour LLC (formerly Camfour Inc.)
- Price
- About $34.0M in cash, before escrows and customary adjustments
- Status
- Closed · Oct 26, 2026
- Sector
- Wholesale distribution of firearms, ammunition and outdoor products · United States
Camfour is a privately held wholesale distributor that GrabAGun says has served dealers and manufacturers for 74 years. It will keep operating under its own name, sales team and dealer terms.
- Stake: 100% of the membership interests, bought from Camfour Holding, Inc. and its shareholders
- Escrows: $119,000 retainage and $1.7M indemnity escrows, plus an accounts-receivable escrow
- Basis: cash-free, debt-free; valued mainly on Camfour's inventory and receivables net of liabilities assumed
- Funding: cash on hand, no external financing and no shares issued
- Revenue: about $77.4M of audited net revenue in 2025, part of it from sales to GrabAGun itself
- Not disclosed: Camfour's profit
Deal
L.B. Foster Company (Nasdaq: FSTR), through its subsidiary CXT Incorporated → Dulworth Enterprises, Inc.
- Price
- $52.18M in cash, subject to indemnification holdbacks
- Status
- Closed · Oct 28, 2026
- Sector
- Residential wastewater precast products and aerobic treatment systems · United States
Dulworth makes precast residential wastewater products and Aeris aerobic treatment systems. It folds into L.B. Foster’s Precast Concrete Products unit, and the CEO says the company already used Dulworth’s technology through an existing relationship.
- Structure: asset purchase of substantially all of Dulworth's operating assets
- Location: Dulworth is based in Rice, Texas
- Revenue: expected to be about $18M per year
- EBITDA: L.B. Foster estimates $6.5M-$7.5M including synergies, after 12 to 18 months of integration
- Funding: cash on hand and its existing revolving credit facility
- Not disclosed: sellers' identities beyond Dulworth and its stand-alone profit
Buyer spotlights
Buyer Spotlight
GrabAGun Digital Holdings
Strategic · NYSE: PEW
GrabAGun describes itself as a technology-driven commerce, distribution and logistics company serving the firearms, ammunition and outdoor industry. Camfour moves it from online retail into wholesale: it now describes three channels (digital retail, wholesale distribution and manufacturer logistics) and was already a Camfour customer. It paid with cash on hand and no new shares, so the deal adds inventory and receivables rather than dilution.
Buyer Spotlight
L.B. Foster Company
Strategic · Nasdaq: FSTR
Founded in 1902, L.B. Foster supplies products and services for the rail and infrastructure markets. Dulworth is a bolt-on to its precast concrete business, priced at roughly 2.9x expected annual revenue. On the company’s own estimate, the price is about 7x to 8x the $6.5M-$7.5M EBITDA expected after integration, which includes synergies rather than Dulworth’s stand-alone earnings.
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