Adams Arms LLC Announces Asset Sale - April 30th, 2019
On Tuesday, April 30th, 2019, Adams Arms LLC's assets were publicly auctioned at its facility in Pasco County, Florida, following maturity of its secured loans. The company’s senior secured creditors were the high bidder and are in the process of transferring these assets into a new company, Adams Arms Holdings, LLC (“AA Holdings”). Adams Arms, LLC, after the successful transfer of assets, will be closed.
It was announced and advertised at the beginning of April that Adams Arms LLC’s assets would be auctioned as a turn-key operation, including all tangible and intangible assets. AA Holdings will continue the Adams Arms brand. AA Holdings will fulfill all customer orders and honor all Adams Arms life-time product warranties.
AA Holdings will operate with greater strength and leadership than ever before. The new company will leverage the patents, know-how and commitment to the customer that has been the Adams Arms way since inception of the brand in 2007. With a clean balance sheet, AA Holdings will be able to focus on providing new products, superb quality, and complete customer satisfaction. The Adams Arms team is committed to building upon existing relationships and to providing its customers with unique products that are cost effective, robust and meet their needs.
Adams Arms LLC thanks its longtime customers and partners for their business. AA Holdings will deliver the highest quality that everyone has come to expect from Adams Arms, and will continue to develop new and innovative products. 2019 has seen Adams Arms offer an upgraded P3 series rifles, a 20” .224 Valkyrie rifle, a 9mm Pistol Caliber Carbine, a full line-up of piston-driven AR-pistols, and a next gen slide/slide assemblies for Glock 17 & 19 handguns. Exciting new products are in development and AA Holdings expects to release them before the end of the year.
April 11th, 2019
Adams Arms has been committed to quality, innovation, and most importantly, their customers, since its founding in 2007. Over the last 12 years, Adams Arms has grown from a simple Piston Conversion Kit to a wide range of firearms, accessories, and various OEM partnerships. Beyond product offerings, Adams Arms has always been committed to their community. In 2013 the facility was moved to Pasco County to bring jobs and economic development. Since 2007, Adams Arms has sponsored, donated to, and served hundreds of local and national charitable organizations including Military and Veteran organizations, Law Enforcement, Cancer Research, local schools and even victims of house fires. Adams Arms has always been committed to serving The People first, starting with a cleaner and more reliable firearm.
While the company has not stopped serving our customers and community, the current climate has not offered the expected growth to keep up with the financial demands of the operation. Adams Arms’ secured debt recently has come due. The creditors are having all of Adams Arms’ assets auctioned, via Moecker and Associates, as a complete, turnkey operation with the intent that the operation will remain intact and continue to service its customers. Adams Arms is continuing to sell, deliver, and service our wide range of piston-driven firearms, parts, and accessories and fully expects for Adams Arms’ customers to continue to be serviced under new ownership after the auction.
While there have been many assumptions, speculations, accusations, and odd-ball theories, the Team at Adams Arms remains committed to the brand and their customers and will continue to operate and provide service under new ownership. Adams Arms remains hopeful that the outcome of the auction is in the best interest of the customers, partners and the Adams Arms brand.
Paul A. Miller
CEO & Chairman
To find out more about Adams Arms, please visit www.adamsarms.net
To find information regarding the auction, please visit www.moeckerauctions.com