by Scott Creighton
A vulture capitalist firm from New York jumped into the gun trade in a big way back in early 2006 when they purchased their first manufacturer of assault rifles. With 6.5 billion dollars in their fund called the Freedom Group, Cerberus Capital Management bought many American gun and ammo companies right up until they started divesting from the businesses on Dec. 18th 2012. They have been the gun lobby for all intents and purposes for the past 6 years and it just so happens those were the most profitable years to be in the business here in the states. Hell, it’s almost as if they saw this all coming. And now they are bailing out as fast as they can.
The graph above does not include the most striking rise in gun sales over the past 20 years and that is from late 2010 til this past month. The steady rise has been unprecedented from other reports due to the fact that so many people have been forecasting the gun-grab which is about to take place.
As you can see, Cerebus got into the gun business at just the right time to turn a nifty little profit right before the bottom dropped out of the market. And like any good vulture capitalist firm with billions at their disposal, when they got into the market, they practically cornered it.
Cerebus bought up nearly every U.S. gun manufacturer there was. This is a list of the acquisitions they landed during their stint in the gun trade:
- Advanced Armament Corporation
- Barnes Bullets
- Bushmaster Firearms International
- Dakota Arms
- DPMS Panther Arms
- H & R Firearms
- Mountain Khakis
- Para USA
- Parker Gunmakers
- Remington Arms
- Remington Military
- Remington LE
- Remington PMPD
It seems like Cerberus knew just when to get in and get out and there is obviously good reason for that. Cerberus is a monster. They own outright or controlling interests in many international mega-conglomerates like DynCorp International for one. They have a reported 20 billion in assets and holdings.
Cerberus is run by billionaire Steve Feinberg and a couple for former Bush I standouts John W. Snow former Treasury Secretary and VP Dan Quayle.
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