There's more than air in the cross hairs at Crosman. A leading air gun maker, the company has more than 50 models of pellet and BB rifles and pistols, as well as crossbows, ammunition, and optical products (such as riflescopes and crossbow sights). Its guns are offered under the Benjamin, Sheridan, and Remington names. Crosman markets its products worldwide through select retailers and sporting goods chains, such as Wal-Mart and Dick's Sporting Goods, as well as through its website. Founded in 1923, the air gun maker is owned by Wellspring Capital Management LLC.
The private equity firm acquired Crosman from its former owner Pamlico Capital (formerly Wachovia Capital Partners) in April 2011. Crosman's management team, led by CEO Ken D'Arcy, retained a significant ownership position in the company. (Crosman had been owned by Pamlico and management since 2007.)
Crosman controls about 50% of the global market share for airguns. To ensure its dominating position, the company focuses on new product development and works to deliver what its wholesale customers and retail consumers are asking for. Case in point, Crosman was a leading supplier of paintball guns during the game's heyday; since paintball's popularity has declined, however, the firm has exited paintball gun manufacturing and has embraced airsoft, a recreational shooting activity that uses plastic pellets.
was acquired by an affiliate of Wachovia Capital Partners in 2007. – less