In December 2005, five groups of Wall Street investors flew in private jets to Portland, Maine, where they took waiting limousines to a warren of metal buildings that resembled a midsize lumberyard.
They had come to Bushmaster Firearms in pursuit of a highly profitable product whose market was growing faster than any other in America’s stagnant gun industry.
The product was the AR-15, and red-hot Bushmaster, the nation’s leading manufacturer of the rifle, had decided to auction itself to the highest bidder.
Organizations:
Wall Street, Bushmaster Firearms
Locations:
Portland , Maine