Private Equity Firm Announces Plans to Sell Company That Made Adam Lanza’s Gun

A Bushmaster M4 .223 caliber rifle similar to the one used by Adam Lanza. (Photo: Bushmaster.com)
A Bushmaster M4 .223 caliber rifle similar to the one used by Adam Lanza. (Photo: Bushmaster.com)

In the aftermath of the horrific killings in Newtown, Connecticut, Cerberus Capital Management, L.P., the politically-connected private equity firm behind Freedom Group, the company that made the gun used to kill all 26 victims in the shooting announced they are planning to sell their investment in the gunmaker. In a statement sent out in the wee hours of this morning after Politicker reached out for comment on a story about former Vice President Dan Quayle’s connection to Cerberus, the firm attributed the decision to the fact “the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level.”

“We were shocked and deeply saddened by the events that took place at the Sandy Hook Elementary School in Newtown, CT on December 14, 2012,” the statement said. “We cannot comprehend the losses suffered by the families and friends of those killed by the unthinkable crimes committed that day. No words or actions can lessen the enormity of this event or make a dent in the pain that was inflicted on so many.” Continue reading “Private Equity Firm Announces Plans to Sell Company That Made Adam Lanza’s Gun”

How Dan Quayle Helped Make Adam Lanza’s Assault Rifle

Dan Quayle announcing his brief, unsuccessful presidential campaign in 1999. (Photo: Getty)
Dan Quayle announcing his brief, unsuccessful presidential campaign in 1999. (Photo: Getty)

Cerberus Capital Management L.P., the private equity firm that owns the company which made Newtown killer Adam Lanza’s assault rifle has extensive political connections. The company’s senior executive leadership team is stocked with political figures including former Vice President Dan Quayle.
Continue reading “How Dan Quayle Helped Make Adam Lanza’s Assault Rifle”