Barrett Firearms Acquired by NIOA Group of Australia
Australian defense contractor NIOA has announced the 100% acquisition of the industry-leading rifle design and manufacturing company, Barrett Firearms. Financial terms of the transaction were not disclosed. The American Barrett factory will continue to operate in the USA at its Murfreesboro, Tennessee location and all workers will be retained. Ronnie Barrett and Chris Barrett will serve as executive advisers to NIOA.
NIOA Group CEO Robert Nioa said the two family-owned companies came together out of a shared commitment to quality, innovation, loyalty, and mission: “NIOA’s association with Barrett dates back to 2008. We have been inspired by the story of Barrett and admire what Ronnie, Chris and the family have built over more than four decades. Together we share the same mission – combining our expertise and family business values will ensure Barrett carries on building the finest products in the world.”
Mr. Nioa confirmed the company would continue to operate under the Barrett brand as a separate division within the NIOA Group alongside NIOA Australia, NIOA New Zealand, the Australian Missile Corporation and the group’s investment in joint venture company Rheinmetall NIOA Munitions.
Outdoor Wire Editor Jim Shephard interviewed Robert Nioa recently. Jim noted that Barrett’s production will remain in the USA: “There’s absolutely no intention to move Barrett anywhere. In fact, Nioa told me in no uncertain terms that he isn’t looking to move Barrett, he’s looking forward to growing it beyond what it is today. And, he says, ‘I love Murfreesboro. We’re not going anywhere’.”
All management and staff at the Murfreesboro manufacturing facility in Tennessee have been retained and production will continue as normal. Over time it is expected that manufacturing activities in Murfreesboro will be expanded. As part of the NIOA acquisition, Barrett President Sam Shallenberger has been promoted to the role of Chief Executive Officer while long-serving Barrett Chief Operating Officer Bryan James becomes President. Ronnie Barrett and Chris Barrett will provide ongoing support as executive advisers to Barrett and the NIOA Group.
Barrett founder Ronnie Barrett said “Today marks the beginning of a new chapter in the Barrett story. Rob and the NIOA team have great respect for the legacy Barrett has created as the leader in long range precision rifles. It’s reassuring to know Barrett will be in good hands with a family-owned company that is focused on manufacturing and delivering world-class firearms and munitions to a global network.”
About NIOA
NIOA is the largest Australian-owned supplier of firearms, weapons and ammunition to the Australian and New Zealand defense forces, law enforcement agencies, and commercial markets. It has long-standing trusted relationships with American companies such as Vista Outdoors, Leupold, General Dynamics, Northrup Grumman, and the Winchester-operated Lake City ammunition plant.
NIOA is a major tenant at the Australian government-owned, contractor-operated (GOCO) munitions facility at Benalla in Victoria. There NIOA currently manufactures 120mm munitions for the Abrams tank along with 30mm and 35mm cannon ammunition.
The company is contracted to deliver major weapons programs for the Australian and New Zealand militaries and has recently established an artillery shell forging factory in Maryborough, Queensland in a joint venture with Rheinmetall of Germany.
About Barrett Firearms
Barrett has been a family-owned and operated company and the world leader in long-range, large-caliber, precision rifle design and manufacturing.
Barrett products are used by civilians, sport shooters, law enforcement agencies, the United States military and more than 75 U.S. DOS-approved countries around the world.
The Barrett Quality Management System (QMS) has earned the prestigious ISO 9001:2015 certification for the design and manufacture of firearms, ammunition, and accessories, and for sniper systems training.
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