Remington Arms
PE-Owned1 Documented ImpactCerberus acquired America's oldest gun manufacturer (founded 1816) in 2007 via LBO. Loaded with debt, filed bankruptcy in 2018 and again in 2020, ultimately broken up and sold in pieces. ~3,500 jobs lost.
Ownership Information
Remington Arms is owned by Cerberus Capital. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Remington Arms founded
Acquired by Cerberus Capital for $370 million
Remington Arms — America's oldest gun maker (est. 1816) — broken up after Cerberus LBO
Cerberus acquired Remington in 2007, loading debt onto America's oldest gun manufacturer. Filed bankruptcy in 2018 and again in 2020, ultimately broken up and sold in pieces. 200+ years of American manufacturing history ended. ~3,500 jobs lost.
Remington, Centuries-Old Gun Maker, Files for Bankruptcy Again
New York Times →Before vs. After PE Acquisition
Company status
Reported 2020
Before PE
200-year-old manufacturer
After PE
Broken up and sold in pieces
↓ 100%
Tracked Locations
CA (2)
Los Angeles
9410 Main St
Los Angeles, CA 90001
555-506-4443
San Diego
1171 Main St
San Diego, CA 92101
555-807-6674
CO (1)
Denver
913 Main St
Denver, CO 80201
555-645-7300
GA (1)
Atlanta
2037 Main St
Atlanta, GA 30301
555-365-5599
IL (1)
Chicago
1812 Main St
Chicago, IL 60601
555-606-6731
NC (1)
Raleigh
2967 Main St
Raleigh, NC 27601
555-822-6532
NY (1)
New York
6143 Main St
New York, NY 10001
555-605-2626
OR (2)
Portland
95 Main St
Portland, OR 97201
555-114-3945
Portland
7742 Main St
Portland, OR 97201
555-619-5253
TN (1)
Nashville
8928 Main St
Nashville, TN 37201
555-174-7696