I havent read through the full decision (though I will), but this was an Interesting read. At Cerberus, he talked firearms often, once derailing a Freedom Group board meeting with a discussion of the relative ballistic merits of polymer-cased ammunition and traditional hollow-points. He offered gold-wrapped candy bars in a stunt that showed he isnt a worthy successor to his dad. This is the kind of sh*t that happens when you let the bureaucrats run the markets. Lesson here is, if you own a company and have another, larger company come in an help, you dont own your company anymore. The Biden administrations policy of blocking unvaccinated people from the country continues to make little sense. Great googly moogly I dont think even the most gossip-skilled teenager girl could follow that mess! Under Review. "The Mini-Fix in .300 Blackout will be the next." On December 20th Kevin stayed late after a full day of work, disabled the main security camera, and removed all of the personal items that he could get his hands on. Kevin Brittingham of Q - On Innovation and Practicality management into systems influenced by lobbyists and activists. A big thumbs down to FG/Remington for not insisting that all the FFL/NFA/ownership stuff not be cleaned up prior to closing. Kevin thought that he was canned, but Remington offered him an option. always recommend folks watch Glengarry Glen Ross written by David Mament. Net Worth in 2022. Actually, if everyone were equally well-armed and well-trained, even that wouldnt be necessary. Ya aint gonna run across Billy Graham in these small companies. For the sake of argument (and the edification of someone who has neither sold computers nor wrangled an FFL), whats the difference?. When the five-year agreement to keep the original Bushmaster factory open expired in 2011, the plant was shut down almost immediately. Expect awesome shit.". Hope he will go on to do great things in the silencer arena. Emily Kohrs didnt do anything wrong, and the medias harsh treatment of the Fulton County foreperson was a gift to Trumps lawyers. Kevin Brittingham founded Advanced Armament Corporation in 1994 to manufacture sound suppressors, having previously been a distributor for GEMTECH, another suppressor manufacturer. Concentrated into a smaller demographic were the serial gun purchasers, a hard core of about 3 percent of the U.S. population. This was set up as a means of getting pretext charges against gangsters who were fond of the military grade hardware of the age. But if I lived in New York City in a building with a hundred people, and I saw a guy with an assault weapon in his hand in the hallway, I think Id go back in my apartment.. Jason wanted AAC to be treated like another plant, like Remington or Marlin or Bushmaster, with Remington HQ as the head of operations. Freedom Group owns the following: REMINGTON Kevin never signed the new agreement, and Freedom Group should have known better than to consider the word flounder as Kevins official signature on an important document. That is, if it hasnt already. View the profiles of people named Kevin Brittingham. The big companies who are buying you have scads of lawyers on their staff. Q Sugar Weasel - A Q&A with Kevin Brittingham - AR Build Junkie A free market is better than the centrally controlled and redistributive alternatives, but it doesnt have a benevolent hand like some sort of benign deity. He interviews some pretty major players in the industry. I apologize, but Im going off on a tangent here. The smaller the niche a small company operates in (in this case, silencers), the more reason to remain small and independent. According to his LinkedIn, Eduardo is the founder and CEO of a social media app that connects and empowers Latino communities worldwide.However, Kary is providing a lot to the family financially now that she is apart of RHOD and owns her own jewelry line.Thanks to her two incomes, Kary now has an estimated net worth of $1.5 . Rick Scott Is Unfortunately Right About Novak Djokovic. What this meant was that there was and is a finite pool of class 3 weapons available for civilian ownershipa pool that continues to shrink in quantity and grow in value. There is no way in hell Remingtons culture could vocally support classically liberal economics and a strong rule of law. Its impolite to call your customers wannabes, said the former Cerberus insider. These companies tried to screw him over but it didnt work. Cerberus agreed but was a less generous manager. The only thing he hard from Remington was that he had been fired for cause, which would void his employment agreement and leave him out $4 million. Libertarian Humor: Or in my prior life work in LE at Customs brokerage? Profits or not, other private-equity firms, having witnessed an unprecedented revolt from investors, wont touch it. Notify me of follow-up comments by email. One of the first things it did was cancel the profit-sharing plan. That part of the case could easily have gone the other way. A Florida bill takes a ridiculous GOP argument to the extreme, aiming to eliminate the Democratic Party for its ancient ties to white supremacy. Unions arent perfect, but as a member of a construction trade union all of my benefits are rolled into one hourly rate that the contractor pays. Youre really comparing ATF compliance (which has been a boon to many FFLs) to selling computers? On November 16th 2011, Jason Schauble was plotting Kevins final demise. Several people I spoke to said Cerberus had extracted enough cash from Remington during the good years to meet the firms threshold rate of return, and so, in a narrow sense, the investment was a victory. Kary's increased presence on social . My point: Free market proponents expect contracts to be enforced quickly and effectively. Advanced Armament Corporation (AAC) is an American company that develops and manufactures firearms, firearm suppressors, muzzle devices and related accessories. This email will be used to sign into all New York sites. Dyke was uncomfortable with the speed at which Cerberus was moving. So, getting the NFA repealed looks simple on paper, but is in reality a direct challenge to a lot of established law, regulation, and cultural acceptance. I would have been more comfortable with the people. Thats possible, but the kinds of connections you needed to persuade the Feds to bail out your bad auto-industry bet for $30 billion were more readily available to graduates of Princeton than UC-Irvine. For several values of they, as we say in the nerd-pool. The original idea, of an IPO, was out of the question: No reputable investment bank would underwrite it, nor even take the M&A fees associated with a private deal. Ive skipped over a lot of detail. 17.5k Followers, 1,349 Following, 3,347 Posts - See Instagram photos and videos from Kevin Brittingham (@kevinbrittingham) In late 2013, Freedom Group rebranded, changing its name to Remington Outdoor Company. Facebook gives people the. 4. There, the acquiring company often has a retention payment for key players to keep them around through the integration. H&R 1871 Remington still hadnt paid the full purchase price either, meaning that Kevin was stuck for another few years. Disarmament rests on the assumption that all people are good, and, basically, want the same things. The judge thinks that Kevin might have been after some personal firearms as well, but Kevin says he just wanted to grab his personal effects when he was suspended previously, Remington didnt even let him grab his kids backpack before being thrown out of the building. Feinberg was saved by Obama. Pay attention next time cock a doodle doo. I would otherwise be interested in the R51 as I love weird action types, but it is unfortunately illegal in Canada, the barrel is too short. This contract was procured via the Navy Electronic Commerce and Naval Surface Warfare Center Crane Division. It was its most profitable year. He joined him on one of his elk-hunting jaunts and described the billionaire as an ordinary, down-to-earth American. Feinberg even offered to fly Reichert to California for a consultation with a leading plastic surgeon regarding his still-disfigured face. While the guns were being sorted, a hand written list of which guns were under whose ownership was compiled. Freedom Group and Remington had conspired to find a way to fire Kevin in order to save $4 to $8 million that he was due as performance incentives and pay.. Someone please correct me if Im wrong, but thats what I think is the answer to your question. The owner of a business has a great deal of leeway on how they run that business. The individual is not only best qualified to provide his own personal defense, he is the only one qualified to do so: and his right to do so is guaranteed by the Constitution. David Mamet. So one weekend in late 2005, he left behind the Manhattan offices of Cerberus Capital, the private-equity firm hed founded, and his multistory Upper East Side residence, which he was in the process of spending $15 million to renovate, and traveled to Moyock, North Carolina, to the tactical-training facilities of Blackwater, the notorious private military contractor, for a weekend of long-range-firearms instruction. DAKOTA ARMS He alienated many of Freedoms top managers and accelerated a program of manufacturing consolidation that centralized production in Remingtons main facility in Ilion, New York. The exception was Richard Dyke, who conceded a single point. So, too, did every other gun-industry executive I spoke with. In the end, none of them were happy they sold., Reichert remained an outspoken advocate for the broadest possible interpretation of the Second Amendment. Yet it may not be a loss for the left. Not going to purchase anything under the FG banner. Can you name a bullshit free marketer who opposes the sanctity of private contracts?. He is best known for being a member of the band Cinderella. That is a huge amount of paperwork and possible violation bate. Wow, AACs operations sound like a Cluster. I wrote a piece about this some years back titled Chinese Contracts got me a couple nice reviews, for example from The Trusted Advisor. (Apologies to our Dear Overlords if Im over the self-promotion line with this. As Gunsmith points out, any decent exec knows when to hire folks who can handle such matters. I was going to name Barrack Obama, then I noticed the bullshit free marketer clause and realized he was not appropriate. Although the U.S. governments 2009 automotive-industry bailout forced Cerberus to devalue its holdings in the two firms, Cerberus was able to salvage what could have been a total loss. Technically as soon as the company was sold they needed to start operating under a new FFL, since they had only purchased the assets and not the business itself. The donation made him one of the top contributors to the Trump Victory fund and earned him a spot as one of the 13 business leaders on the Trump Economic Advisory Council. His name is Kevin Brittingham, the "people's CEO." Brittingham is a name you should know. In practice they often buy people out of these even when its an early ejection for egregious behavior. I really, really like that quote. Which is just like saying that cheating is ok as long as you dont get caught. In the comments, shed posed the question: Who is my dad.???????. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. Repeated emails warning that the guy wasnt qualified went unheeded, and he immediately set to work trying to untangle AACs books. LeeAnne Locken - $2.5 Million I also read the entire 117 page judges ruling in the case. Yeah, sure. Class 2 and 3 weapons are strictly trackedyou have to file paperwork to transport them most of the time, to sell them, to buy them, and to transfer them into a trust/company/FFL holder, and thats assuming that your state allows ownership in the first place. What youd have instead are forced monopolies and whatnot. Freedom also benefited from broad growth in the American gun market. Mr. Brittinghams mistake was doing business with jerks. Based in Windham, Maine, Bushmaster had, over the course of 30 years, grown from a tiny gun-parts manufacturer into the preferred firearm of the high-capacity target shooter. To make it worse, full automatic weapons eligible for civilian ownership are now valuable investments worth anywhere from five thousand to hundreds of thousands of dollars for collectors items. Ive seen it happen with a number of FFLs and that was with less of a clusterfck and much less going on. Kevin Brittingham To Launch Q, A New Brand, On 1 March Net Worth in 2021. But for Feinberg, thats a small price to pay. To pay for stuff. They werent just greedy, they were encouraged. As it should be, but it gets complicated when control changes or theres nebulous IP or physical property rights. During a press conference, the mayor said his words about not believing in the separation of church and state were just his own beliefs. Eric Brittingham Net Worth And Some Interesting Facts In 2020 The owner was having some cash flow issues, so he sold controlling interest to larger company. Now I believe youre right. The attorneys for the victims families argued that Freedom Groups marketing, with its aggressive slogans and its fetishistic imagery of SWAT teams and Special Forces operators, was a large-scale example of negligent entrustment and that Remington had cultivated a dangerous and uncontrollable demographic with predictable results. Feinberg wanted over a billion dollars, but he couldnt find a taker at that price. My takeaway from this is theres a market for an independent consulting/auditing group that specializes in NFA compliance for small firearms businesses. 5. Now add to this the fact that the company is manufacturing NFA items for two different FFLs and were talking about epic amounts of paperworkhundreds of NFA items being made each month, not including what was being done in R&D. Many of these accessories were of questionable utility. Kevin wanted silencers to be mainstream, and getting Remington to start marketing silencers would be a major step forward. This approach was duplicated across a number of other Freedom Group sidelines, including manufacturers of weapon optics, pistol grips, ammunition, even clothing. People really need to understand that if you dont get paid up front, free and clear, without strings attached, then you are getting ripped off. Advanced Armaments was small but did a lot of business with the military. Signing a contract with the word flounder in such a way that it appears as a signature on casual inspection is not an upstanding move either. In Defense of the Talkative Trump Grand Juror. Through another, it controlled the movie-distribution rights to The Sixth Sense. REMINGTON LE Vish Burra, the congressmans director of operations, met me on Staten Island to explain the plan to make Santos president? When Adam Lanza shot his mother, Nancy, in her sleep on the morning of December 14, 2012, he used one of her bolt-action rifles, a Savage Mark II. Much of it was encouraged at the time by speeches, quite a bit by regulation & guidance, and some by legislation. This is a whole boatload of fail and a passel of never mind. But the fear of regulation in the aftermath spurred gun hoarding, and this was good for Cerberus. REMINGTON PMPD No thanks! Shocked! Each month, he paid an equal share of Bushmasters gross profits to every employee, from the CEO to the guy who cleaned the toilets. Now add FG, who is coming in, buying the company with the two FFLs, and which may be taking possession of some of those NFA itemsand you have a huge problem. That's why we put him on the cover of the April/May 2019 issue of Tactical Life Magazine. its above the asking price he wants/needs). Can you name a bullshit free marketer who opposes the sanctity of private contracts? Guys screwing over each other for peanuts. One of the keys to Feinbergs success was his focus; Trump had the attention span of a mayfly. The 4-Day Week Is for White-collar Workers. What the ATF requires can be handled in a separate file. Investors fled Cerberus. He immediately started segregating the guns and, with some help, forming a pile that were not able to be positively identified as AAC property. In the bankruptcy auction of Remington Outdoor Company in September 2020, the company was sold to JJE Capital Holdings, LLC. In an email recorded in the final verdict, Jason Schauble outlines his plan. During this time, as court documents showed, Kevin had succeeded in pissing off Freedom Group to the extent that they were actively looking for a reason to fire him. Its true, although a lot of companies do it. I guess we ll have to agree to disagree LOL. He still is a gun guy. DPMS / Panther Arms VIDEO: Q&A With Kevin Brittingham, the Most Radical Guy in Guns You gotta say no up front. Theres nothing intrinsically technically difficult about SBRs, suppressors, etc. This password will be used to sign into all, Its impolite to call your customers wannabes, said the former Cerberus insider. He knew little about guns; his expertise was in high-efficiency manufacturing and building economies of scale. Ruger and Smith & Wesson, Freedom Groups publicly traded competitors, saw their stock prices surge. Plays Incompetent Willy Wonka at CPAC. The intent of the law was to get bad people off the streetsin theory.