An $18.5 billion Wall Street firm, Cerberus Capital Management, has acquired Win

Authors

Chris Churchill

Source

Mainebiz

Date

5-15-2006

Pages

1,6

Abstract

An $18.5 billion Wall Street firm, Cerberus Capital Management, has acquired Windham-based Bushmaster Firearms from founder Richard Dyke, 72. Cereberus, which has had a "mind boggling" rise, is politically connected and will likely use those connections to increase Bushmaster's business. Bushmaster posted annual sales of $65 million last year, a figure Dyke expects Cerberus to increase to $250 million. Dyke says the company signed a five-year lease extension, which suggests it will stay in Maine.

Subjects

Bushmaster Firearms Inc, Cerberus Capital Management

Recommended Citation

Churchill, Chris, "An $18.5 billion Wall Street firm, Cerberus Capital Management, has acquired Win" (2006). Maine News Index – MaineBiz. 3650.
https://digitalcommons.portlandlibrary.com/news_mainebiz/3650