Brittingham out at AAC?
Military Times reports a shake up at the suppressor company:
I’m getting credible reports that Kevin Brittingham was escorted from the premises of Advanced Armament Corporation this morning.
I’m told Freedom Group reps and lawyers were on hand with security guards to lead AAC’s founder out of the building.
Keep an eye out.
December 21st, 2011 at 6:26 pm
Woh… Woh… what’s going on.
December 21st, 2011 at 6:33 pm
He sold his company, and the buyers are having a dispute with him.
Don’t sell your business unless you intend to retire.
December 21st, 2011 at 6:40 pm
1. Start a company from the ground up and become successful.
2. Sell out to a large conglomerate.
3. ?????
4. Profit….er… get escorted out of your own manufacturing facility by force.
December 21st, 2011 at 9:00 pm
I’m taking a break from laughing manaically about this to note that I predicted this when he sold out (though I didn’t count on it being so adversarial).
Next up, AAC dramatically curtails their civilian-sector offerings.
December 21st, 2011 at 10:23 pm
“Giant shadowy conglomerate, you’ll never fuck me over, will you?
Sign right here, right! This could never go wrong!”
December 21st, 2011 at 11:38 pm
Sounds like their lawyers are better than his lawyers…
December 21st, 2011 at 11:49 pm
This isn’t the 1st time they’ve bought a company and ran the owner off. What Kristopher said, Don’t sell unless you’re ready to walk away. I’d bet there is a pretty solid non-compete clause too.
December 21st, 2011 at 11:56 pm
Isn’t Freedom Group a Soros backed company?
December 22nd, 2011 at 1:38 am
@ Skip
It is rumored.
December 22nd, 2011 at 1:45 am
“Next up, AAC dramatically curtails their civilian-sector offerings.”
Its what I am expecting.
December 22nd, 2011 at 4:14 am
“2. Sell out to a large conglomerate.”
For. Millions. Kevin will be crying his little eyes out into a pillow made of solid gold.
I’m sure it would suck to see the company you’ve sweated over turn to crap, but then you’d remember you’re rich as hell and get over it.
December 22nd, 2011 at 10:07 am
The “Freedom Group = Soros” thing is not a real thing. “They” aren’t buying up gun companies to “destroy the civilian gun market”.
Gun companies are simply a good investment, if I had billions Is buy a couple.
December 22nd, 2011 at 10:18 am
Leo Fender is laughing his ass off, well, in his grave.
December 22nd, 2011 at 10:45 am
Oh, maybe I can look into buying some AAC products in the future then.
Maybe this will be like Bill Ruger dying?
December 22nd, 2011 at 11:12 am
.
Nice quote about a company which manufactures and sells suppressors.
December 22nd, 2011 at 12:15 pm
We went through the same thing. Our company got gobbled up my big defense contractor. Founder stayed on to work on new tehnologies. Lasted about 3 years before he blew up and left. Small nimble customer driven companies do not blend well with big keep shareholder prices high corporate borgs.
December 22nd, 2011 at 12:34 pm
Last few companies that I worked for, when they bought up another firm, they usually kept the previous owner and some of the staff for a couple of years. This enabled them to merge their Product Lines/Production Methods/ Kept them from taking the money and starting up another Company and making the same damn thing/ Kept the old company’s Customer Base Happy, etc. Then after a couple of years, out the door they go. Brittingham should have expected this.
December 22nd, 2011 at 2:42 pm
I’m dying laughing, Chris:
Brittingham writes, “They’re suppressing the evidence!”
AAC attorneys respond, “You can’t silence us!”
December 22nd, 2011 at 3:49 pm
Bottom line: AAC’s handy-to-gunnies products will all be offered by other companies soon, thanks to 3-D CAD printing/MIM technology. The day of AAC’s $$$ cans is about over, anyway.
December 22nd, 2011 at 6:29 pm
I think MIM’s got a long way to go before it’s acceptable for high pressure applications like rifle cans. Would you use a barrel made by MIM?
December 22nd, 2011 at 6:55 pm
It’s a metal tube with baffles, the high dollar markups are a direct function of the bureaucratic layers of regulation and “big government knows best” induced scarcity within the market. If and when the market for suppressors become free and open, prices will drop dramatically. Also as the cost of entry into the manufacture of suppressors is lowered as regulations lessen, the retail cost will drop.