Bushmaster Firearms is the successor of Gwinn Firearms, founded by Mack Gwinn Jr. upon his return from the Vietnam War. It went bankrupt, was purchased by Richard Dyke in 1976, and moved from
Bangor, Maine, to
Windham, Maine. Quality Products Company acquired it in 1990. In 2002, Bushmaster and a Bushmaster dealer were the subjects of a civil lawsuit brought by two survivors and six families of victims of the October 2002
D.C. sniper attacks, which resulted in the deaths of ten and injuries to three people. On September 8, 2004, Bushmaster agreed to pay $550,000 of a $2.5 million settlement in the lawsuit and Bull's Eye Shooter Supply of
Tacoma, Washington, the Bushmaster dealer from whom one of the perpetrators said he had shoplifted the rifle, paid $2 million. The company cited mounting legal fees and compassion for the victims and their families as the reason for settling. Dyke sold Bushmaster in 2006 for $70 million to
Cerberus Capital Management. The company became part of the Freedom Group (renamed
Remington Outdoor Company in 2015), owned by Cerberus Capital Management, in April 2006. In December 2010, the Freedom Group announced that operations at the Windham facility would cease as of March 2011.
Windham Weaponry was founded by Dyke in 2011 in Windham, "to put Maine people back to work who lost their jobs" when Bushmaster moved out of state in March 2011. Windham Weaponry was in operation until September 2023 when it ceased operations after Dyke died on March 1, 2023, at aged 89. In December 2012, Cerberus Capital Management announced its intention to sell Bushmaster's successor company, Freedom Group. In a press release, Cerberus stated that they would "retain a financial advisor to design and execute a process to sell [their] interests in Freedom Group" (Freedom merged with the former Bushmaster company). Cerberus indicated that the decision to sell the company stemmed from publicity surrounding the use of a Bushmaster rifle in the
Sandy Hook Elementary School shooting. According to the company: "It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level." Cerberus announced in late 2013 that it had failed to divest itself of the Freedom Group and planned to buy out some Cerberus investors. Those who chose to give up their shares would be paid by an unidentified lender. In January 2020, the parent entity, Remington Outdoor Company, announced that it would focus operations on its core hunting and shooting brands: AAC, Barnes, Remington, and Marlin. It also announced that it would no longer produce Bushmaster, TAPCO, DPMS, and StormLake Barrels. In September 2020, in the bankruptcy auction of Remington Outdoor Company, Crotalus Holdings, Inc. purchased the Bushmaster trademarks. In August 2021, Bushmaster Firearms Industries, Inc. revived the brand name with a new business headquartered in Minden, Nevada. The new Bushmaster business revived XM15-E2S, 450 Bushmasters, ACR, and BA50 brands. ==Products==