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DPMS later began producing AR-15 style rifles. DPMS moved to St. Cloud, Minnesota, in 2004. In 2007, the firm was named one of The Minneapolis-St. Paul Business Journal's "50 fastest-growing privately held companies". DPMS doubled its revenue between 2004–2007 and employed 65 people in 2008. [1]
The clearest link between DPMS and the gun came from Fox News, who reported Monday that “law enforcement sources” described the weapon used at the rally as a “DPMS AR-15.”
Under Cerberus's direction, Bushmaster Firearms acquired Cobb Manufacturing, a manufacturer of large-caliber tactical rifles, in August 2007. Cerberus also acquired DPMS Panther Arms on December 14, 2007. [83] [84] Remington Arms acquired Marlin Firearms in January 2008.
Tier 1 Group is owned and funded by Cerberus Capital Management which also owns Remington Arms, Bushmaster Firearms International, LLC, Inc., and DPMS Panther Arms among other companies. Tier 1 Group was formed sometime around 2005.
In 2016, the suit was dismissed by the Connecticut Superior Court citing the immunity provided to firearms manufacturers by the federal Protection of Lawful Commerce in Arms Act of 2005. On August 15, 2017, James Marcotuli announced his resignation as CEO, citing personal reasons. [4]
DPMS Panther Arms: DPMS Panther Arms: United States Civilian FAMAE: Fábricas y Maestranzas del Ejército Chile Military, security FB "Łucznik" Radom: Polska Grupa Zbrojeniowa Poland Civilian, military FM Fabricaciones Militares Fabricaciones Militares: Argentina Civilian, law enforcement, military, security Feinwerkbau: Feinwerkbau GmbH ...
Freedom Group had previously purchased Marlin Firearms and DPMS Panther Arms in 2007. Cerberus combined DPMS and other firearm companies with Remington Arms, Bushmaster Firearms International, and Cobb Manufacturing to form the Freedom Group. [8]
Colt's Manufacturing Company (2 C, 15 P) D. Defunct firearms manufacturers of the United States ... DPMS Panther Arms; F. Ferfrans; Freedom Arms; G. Goncz Armament ...