Military

Who Bought Colt Firearms

Ashley December 9, 2024

3 minutes read

Table of Contents

The Story of Colt Firearms: From Bankruptcy to New Ownership

In 2015, Colt Firearms, one of the most iconic firearms manufacturers in the United States, filed for bankruptcy. This marked a significant turning point in the company’s 179-year history. However, in 2015, Colt Holdings Company LLC, the parent company of Colt’s Manufacturing Company LLC, announced that it had emerged from Chapter 11 bankruptcy protection after restructuring its debt and operations.

So, who bought Colt Firearms? The answer lies in the company’s restructuring efforts.

The Restructuring Process

During the bankruptcy proceedings, Colt Holdings Company LLC underwent a significant restructuring process. The company reduced its debt from approximately 355 million to 28 million, with the support of its lenders and stakeholders.

As part of the restructuring, Colt Holdings Company LLC was acquired by a group of investors led by Sciens Capital Management LLC and Lynch Creek Capital, LLC. These investors provided the necessary capital to support the company’s reorganization efforts.

The New Ownership Structure

In 2015, Colt Holdings Company LLC announced that it had completed its restructuring and had emerged from bankruptcy protection. The company’s new ownership structure included:

Sciens Capital Management LLC: A global investment firm that specializes in distressed investing.
Lynch Creek Capital, LLC: A private investment firm that focuses on investing in distressed and underperforming companies.

Under the new ownership structure, Colt’s Manufacturing Company LLC continued to operate as a leading manufacturer of firearms, with a focus on producing high-quality products for the commercial, law enforcement, and military markets.

Colt's Future Under New Ownership

Since its emergence from bankruptcy, Colt’s Manufacturing Company LLC has continued to innovate and expand its product offerings. The company has introduced new firearms, such as the Colt Cobra revolver and the Colt AR-15A3 tactical rifle.

Under the leadership of its new ownership, Colt’s Manufacturing Company LLC has also focused on improving its manufacturing processes and customer service. The company has invested in new technologies and has expanded its distribution network to better serve its customers.

📝 Note: Colt's Manufacturing Company LLC is a separate entity from Colt Holdings Company LLC, which is the parent company. Colt's Manufacturing Company LLC is responsible for the design, manufacture, and sale of firearms, while Colt Holdings Company LLC is the holding company that owns Colt's Manufacturing Company LLC.

Conclusion

The story of Colt Firearms is one of resilience and determination. From its humble beginnings in 1836 to its current status as a leading firearms manufacturer, Colt’s Manufacturing Company LLC has faced numerous challenges and setbacks. However, with the support of its new ownership, the company has emerged stronger and more focused than ever.

In summary, Colt Firearms was acquired by a group of investors led by Sciens Capital Management LLC and Lynch Creek Capital, LLC, as part of its restructuring efforts. Under the new ownership structure, Colt’s Manufacturing Company LLC has continued to innovate and expand its product offerings, with a focus on producing high-quality firearms for the commercial, law enforcement, and military markets.