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DPMS doubled its revenue between 2004–2007 and employed 65 people in 2008. [1] Freedom Group purchased DPMS Panther Arms on December 14, 2007, the same year it purchased Marlin Firearms. Freedom Group was a consortium of firearms manufacturers and was part of Cerberus Capital Management, a New York private equity investment firm.
The Peters Cartridge Company was a company located along the Little Miami River in Kings Mills, Ohio, which specialized in gunpowder and ammunition production. Founded in 1887 by Gershom Moore Peters, the company supplied military ammunition to various countries during both world wars.
In June 2007, a private equity firm, Cerberus Capital Management, acquired Remington Arms for $370 million, including $252 million in assumed debt. It became part of the company's Freedom Group. Remington was millions of dollars in debt and did not report a profit from 2003 to 2005. [3]
They also manage a number of different brands including, DC Machine, Ferrous Engineering, Lead Star Arms, PSA Defense, Palmetto Outdoors, Special Tool Solutions, and Spartan Forge. In September 2020 JJE Capital also acquired DPMS, H&R, Stormlake, AAC and Parker brands from the Freedom Group bankruptcy auction.
The .300 AAC Blackout (designated as the 300 BLK by the SAAMI [1] and 300 AAC Blackout by the C.I.P. [2]), also known as 7.62×35 mm, is an intermediate cartridge developed in the United States by Advanced Armament Corporation (AAC) for use in the M4 carbine.
The 2008–2016 United States ammunition shortage was a shortage of civilian small arms ammunition in the United States that started in late 2008, [1] and continued through most or all of 2010, with an additional shortage beginning in December 2012 and continuing throughout 2013.
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Article I, Section 4 of the Ohio Constitution states: "The people have the right to bear arms for their defense and security; but standing armies, in time of peace, are dangerous to liberty, and shall not be kept up; and the military shall be in strict subordination to the civil power."