DPMS Panther Arms
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| Subsidiary | |
| Industry | Firearms |
| Founder | Randy Luth |
| Headquarters | St. Cloud, Minnesota, United States |
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Area served
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Worldwide |
| Products | Firearms |
| Owner | Freedom Group |
| Website | www.dpmsinc.com |
DPMS (Defense Procurement Manufacturing Services) Panther Arms manufactures a wide range of military and civilian rifles in Huntsville, Alabama.
Randy Luth founded Defense Procurement Manufacturing Services (DPMS) in 1985 in Osseo, Minnesota as a precision machine shop for manufacturing M203, M14 and M16 parts for U.S. military contracts. He also developed many patents. In the later 1990s he employed 30 people selling Colt 1911 and AR-15 parts and accessories and moved the company to Becker, Minnesota. Luth later worked with a manufacturer of lower receivers and began producing AR-15 modern sporting rifles (MSR).
Luth moved DPMS into a St. Cloud, Minnesota facility next to the Del-Tone/Luth Gun Club in 2004. In 2007 the firm was named one of The Minneapolis-St. Paul Business Journal's "50 fastest-growing privately held companies." DPMS doubled its revenue between 2004–07 and employed 65 people in 2008.
Freedom Group purchased DPMS Panther Arms on December 14, 2007, the same year it purchased Marlin Firearms. Freedom Group is a consortium of firearms manufacturers and part of Cerberus Capital Management which is a New York private equity investment firm. Cerberus combined DPMS with Bushmaster Firearms International, Remington Arms and Cobb Manufacturing to form the Freedom Group. Remington is the company's immediate corporate parent.
On December 20, 2012, Cerberus announced they were selling their Freedom Group brands, including DPMS, based on pressure from a California pension board. This transaction has failed to occur as of May 2014.
The company manufactures AR-15-style rifles chambered for the .223 Remington, 5.56×45mm NATO, .308 Winchester, .260 Remington, .300 Remington SA Ultra Mag, 6.8mm Remington SPC, and .204 Ruger cartridges, among others.
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