Freedom Group was a consortium of firearms manufacturers and was part of Cerberus Capital Management, a New York private equity investment firm.

Cerberus combined DPMS with Bushmaster Firearms International, Remington Arms and Cobb Manufacturing to form the Freedom Group.

On December 20, 2012, Cerberus announced they were selling their Freedom Group brands, including DPMS, based on pressure from a California pension board.

[3][1] DPMS was purchased by JJE Capital Holdings LLC on September 29, 2020, during the Remington bankruptcy proceedings.

The company attracted attention within the firearms industry with its version of the AR-10, the Panther LR-308, earning Shooting Illustrated's 2005 Golden Bullseye Award for "Rifle of the Year".