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Any news of Cerberus buying Springfield Armory?

Discussion in 'General Gun Discussions' started by iamkris, Oct 1, 2007.

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  1. iamkris

    iamkris Member

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    I was listening to the Michael Bane podcast from 9/19 and he mentions another big acquisition is in the works for Cerberus. He wouldn't say who they were looking to buy except for

    • They have a very popular polymer framed pistol
    • They are a major seller of 1911's
    • They have a successful line of military-style long arms
    • Then he acts like he's going to talk about Rob Letham, stops himself and moves on.

    So...anyone heard anything?

    It would make some sense if they are trying to put together a S&W-like full service police and military group.

    • Remington for rifles, shotguns
    • Bushmaster for poodleshooters
    • Cobb for specialty arms
    • SA for pistols and battle rifles
    • All fairly healthy from a new-products and marketing standpoint
    There are worse combinations
     
  2. esheato

    esheato Member

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    Interesting....I'm watching this thread...
     
  3. jerkface11

    jerkface11 Member

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    They also own Jeep maybe they'll put all of it together and make something really cool.
     
  4. jefnvk

    jefnvk Member

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    Hmmmm.....

    I see a market for throwback Jeeps with M1's in the rifle racks :)
     
  5. Fburgtx

    Fburgtx Member

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    Maybe they're buying S&W or Sig?????
     
  6. Outlaws

    Outlaws Member

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    They just better not screw up the customer service SA offers.
     
  7. Outlaws

    Outlaws Member

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    I was just using my negative thought process to its fullest and realized that a billionaire anti could buy up lots of gun companies and simply close the doors on them all.

    :eek:

    I hear this guy likes guns though, but still...spooky. :cool:
     
  8. Kestrel

    Kestrel Member

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    Cerberus owns Jeep? I thought Chrysler owned Jeep. And was it Cerberus that recently purchased Chrysler from Daimler-Benz?
     
  9. vit

    vit Member

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    Kestrel,
    You are correct.
     
  10. iamkris

    iamkris Member

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    The head of Cerberus sounds like he's on our side

    It's quite the diverse private equity firm

    http://en.wikipedia.org/wiki/Cerberus_Capital_Management
     
    Last edited: Oct 2, 2007
  11. jefnvk

    jefnvk Member

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    So he owns Bushy and Remington?
     
  12. jerkface11

    jerkface11 Member

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    Well if Cerberus owns Chrysler and Chrysler owns Jeep then Cerberus must own Jeep.
     
  13. Zundfolge

    Zundfolge Member

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    While I agree that sounds a lot like Springfield ... it could also be S&W.

    They make a popular line of poly pistols (the M&P)
    They make a 1911
    They make a military/police style rifle now (the M&P AR15)
    And did he actually use the words "Rob" and/or "Letham"? Or did he just mention a "top competitive shooter" ... S&W has Jerry Miculek.
     
  14. iamkris

    iamkris Member

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    OK, I was mistaken...it is on his 9/12 (not 9/19) podcast starting around 1':50" through around 3':50" on the recording. The specific, verbatim phrases Michael uses are:

    "Really best selling polymer pistol..."
    "One of the largest sellers of, ummm, oh say, 1911's..."
    "Very successful line of military rifles..."
    "Close your eyes, visualize Rob Letham..."


    Sounds a bit more like SA than S&W to me but I'll admit they are close. That said, if it is SA, that makes sense that Cerberus is trying to create a counterweight to S&W who has essentially already created what Cerberus appears to be trying to do.
     
  15. Technosavant

    Technosavant Member

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    Wow, that would be neat.

    And the fact that the Cerberus folks are pro-gun just gives me all kinds of warm fuzzies about the 2008 Jeep Patriot I bought this weekend.
     
  16. strat81

    strat81 Member

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    Neither SA nor S&W have ever had the best-selling polymer pistol. The new M&P has done well, as has the XD, but neither hold a candle to Glock.
    Fact check on aisle 3, please...
     
  17. damien

    damien Member

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    No matter how much money you have, you can't simply buy up all the arms companies and close them.

    Demand creates supply. There would be new arms companies in about four weeks creating the supply to meet the demand. The only thing someone with money could do is buy up all the patents on the newer designs (20 year patent term), but most of you guys prefer 1911's anyway. :neener:
     
  18. SaMx

    SaMx Member

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    Cerberus should get a new marketing department, they have an almost cartoonishly evil name.
     
  19. iamkris

    iamkris Member

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  20. SHOOT1SAM

    SHOOT1SAM Member

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    Nothing evil in the name Cerberus.

    For those not up to speed on their Greek mythology, Cerberus was the three-headed dog that guarded the entrance to Hades, the underworld where people descended to when they died, mistakenly thought of as Hell. He was one of the 12 Labors of Heracles (more commonly referred to by his Roman/Latin name, Hercules).

    I have always wanted to name a dog Cerberus, but due to Ayoob's influence, I don't. I can just see if I had a dog that bit someone for any reason, some lawyer claiming "He named the viscious dog after the beast that guards the gate to Hell!!"

    Sam
     
  21. SaMx

    SaMx Member

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    well, the name cerberus is ancient greek for "demon of the pit."
    it's certainly not a benevolent image
    [​IMG]
     
  22. Wes Janson

    Wes Janson Member

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    As I recall, Cerberus was the name of an evil corporation in one of the Dirk Pitt books.

    *shrug*
     
  23. Baron357

    Baron357 Member

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    I can tell you for a fact it is NOT S&W... I for one would like to SA stay independent but money talks who knows.
     
  24. Aguila Blanca

    Aguila Blanca Member

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    I checked with my contact at Springfield, and he said this rumor is, ah ... well, he didn't use the word "true." Art's grammaw would likely be offended at what he said it was, in fact.
     
  25. Joshua C

    Joshua C Member

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    ^did it involve the end product of a male bovines feeding?
     
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