SSG Capital Advisors served as investment banker to Watchtower Firearms in the sale of substantially all assets to CK Strategic Partners. The sale was effectuated through a Chapter 11 Section 363 process in the U.S. Bankruptcy Court for the Northern District of Texas (Fort Worth Division). The transaction closed in August 2025.
In order to restructure its balance sheet and help settle landlord disputes, the company filed for Chapter 11 bankruptcy protection in February 2025. SSG was retained to conduct an expedited sale process that targeted a broad universe of potential strategic and financial acquirers. After marketing and discussion with numerous interested parties, Watchtower’s DIP lender, CK Strategic Partners, submitted a stalking horse credit bid that was determined to be the highest and best offer for substantially all the company’s assets.
Other professionals who worked on the transaction include:
- Steven Bellah, chief restructuring officer, and Jeff Betz of KCP Advisory, financial advisor to Watchtower Firearms
- Joseph Acosta, Dustin H. Sparks, Rebecca E. Donachie and Clara G. Martin of Condon Tobin, counsel to Watchtower Firearms
- Trinitee G. Green, Jeremy R. Johnson, Mark B. Joachim, Edward T. Laborde, L. Maverick Flowers and Erika H. Stinnett of Polsinelli PC, counsel to CK Strategic Partners
- Eric Seitz of McDermott Will & Schulte, counsel to Texas Capital Bank (equipment lender)
- Buffey E. Klein, Caleb T. Holzaepfel and Thomas J. Zavala of Husch Blackwell, counsel to the Unsecured Creditors Committee
