NEW YORK, NY--(Marketwire - Jan 31, 2013) - While new gun control legislation and bans on weapons sales are being debated, most Americans don't realize that most of the makers of these weapons and ammunition are some of America's oldest privately-held companies. Some have histories as far back as the 1790s, manufacturing rifles and ammunition during the American Revolution, The Civil War, World War I, World War II, to the present.
PrivCo, the leading private company financial data provider, presents its exclusive list of the Top 5 Privately-Held Firearms Companies in America (ranked by annual revenue). PrivCo analysis concludes each company's finances will be adversely affected by adoption of new gun control laws.
Topping the list at #1: FREEDOM GROUP -- maker of the notorious Bushmaster assault rifle used in Newtown and Aurora -- with $775 Million in annual revenue. The complete rankings:
THE TOP 5 PRIVATELY-HELD FIREARMS COMPANIES IN AMERICA:
(Ranked by Annual Revenue)*
- FREEDOM GROUP (Madison, NC): Annual Revenue: $775 Million
- MOSSBERG CORP. (New Haven, CT): $185 Million
- COLT'S MANUFACTURING (West Hartford, CT): $122 Million
- SPRINGFIELD ARMORY (Geneseo, IL): $103 Million
- BARRETT FIREARMS (Murfreesboro, TN): $78 Million.
To access detailed financials and ownership on each Top 5 private company gunmaker -- with PrivCo's analysis of the financial impact on each from proposed new gun law legislation, see: http://www.privco.com/top-5-private-us-gun-manfuacturers-affected-by-potential-gun-control-legislations
PrivCo CEO Sam Hamadeh said today in a written statement, "Whatever the politics (on which PrivCo, as financial analysts, takes no position), the proposed gun law changes will adversely impact some of the oldest and proudest private companies in America."
Based in New York, PrivCo is the leading provider of private company financial data and business research. PrivCo publishes exclusive financial data on over 164,000 private companies, as well as over 45,000 private company deal details, including private company mergers & acquisitions, private equity and venture capital investments, leveraged buyouts, pre-IPO activity, restructurings, and more.
Topics: Freedom Group, Springfield Armory, Mossberg Corp., Barrett Firearms, Colt's Manufacturing, Gun Control, Gun Manufacturing, Newtown, Aurora, National Rifle Association, NRA, Firearms