NEW BRITAIN - Gun manufacturer Stag Arms is moving to Wyoming, the company announced Monday.
The New Britain-based company said in June that it planned on moving out of Conecticut.
Stag on Monday also named a new president.
“We decided it was time to do a complete refresh of the company,” said Elie Azar, founder and CEO of White Wolf Capital LLC, which owns a controlling interest in Stag Arms. “We needed to solve for three things: visionary customer-centric leadership, a business-friendly, pro-growth economic environment, and a cultural climate that reflects Stag’s brand image of independence and free spiritedness. I am pleased to report that we have found a solution that hits all these points.”
Stag Arms will be moving its headquarters to Cheyenne, Wyoming, by the end of the year with its new president, Chad Larsen, at its helm.
Stag’s board of directors compared dozens of potential sites and “Cheyenne came out on top on most of the individual criteria,” said Azar.
“And considering our requirements as a whole, it was by far the superior site. Not only is Wyoming an incredibly hospitable place to do business, it is also a top destination for outdoor recreation, including hunting and shooting sports, which reflects its citizens’ unwavering support for the Second Amendment.”
Stag Arms manufactures AR-15-style rifles. Those firearms, along with other military-style guns and high-capacity ammunition magazines, were banned from being sold in Connecticut by Gov. Dannel Malloy following the 2012 Sandy Hook school shooting.
According to a previous article on Stag’s decision to relocate, Mayor Erin Stewart released a statement saying that this “comes as no surprise to us. We have known for many years that Stag has been courted by other states following the passage of more stringent gun laws here in Connecticut.”
Stag has begun the process of relocating all of its operations to Cheyenne and plans to be fully settled in the upcoming months.
“I am both honored and humbled to have been selected to lead the charge to revitalize this iconic brand,” said Larsen. “The Stag team and I are totally committed to continuing Stag’s legacy of innovation - for example, we were the first AR platform to manufacture left-handed rifles - as well as continue our pledge of being 100% made in the United States.”
Larsen succeeds Anthony Ash who was president of Stag since 2016 after the original founder, Mark Malkowski, was ordered to sell it.
After an investigation, Malkowski plead guilty to violating federal firearms laws and a misdemeanor charge of failing to maintain proper firearms records.
Reports from WFSB are included in this article.