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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.
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]
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 ...
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.
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. [84] [85] Remington Arms acquired Marlin Firearms in January 2008.
RemArms obtained a Federal Firearms License in early 2021, and resumed production of some firearms at the former-Remington Arms manufacturing facility in Ilion, New York. [11] The company announced its launch in September 2021, via a video from its CEO.
Freedom Arms: General Atomics: General Dynamics: Gladding-Hearn Shipbuilding: GM Defense: Metal Shark Boats: Harris Gunworks: Henry Repeating Arms: Hodgdon Yachts: Honeywell: Hornady Manufacturing Company: Huntington Ingalls Industries: Ithaca Gun Company: Kahr Arms: Kaman Aerospace: Kel-Tec: Kimber Manufacturing: Knight's Armament Company ...
On July 9, 2019, Vista Outdoor completed the sale of Savage Arms [25] and Stevens Arms for $170 million to a group of investors led by Savage's management. Vista received immediate gross proceeds of $158 million and a $12-million five-year note.