Legion Firearms Is In Trouble

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UPDATE: Note Legion Firearms, the subject of this blog post, is a different company to Legion Arms (AK parts retailer).

According to Soldier Systems Daily, Legion Firearms is having severe financial problems. They were unable to corroborate the trouble as they no longer in contact with Legion Firearms.

Legion Firearms posted this on their Facebook Status:

Many of you have been waiting patiently for Legion products and we want nothing more than to deliver them to each and everyone of you. Unfortunately the mayhem of 2013 cost us dearly. Last November we released a press statement explaining why we were so behind in our delivery schedule and what was happening at Legion Firearms. Here’s an excerpt from that press release:

After the tragedy in Connecticut the landscape of the market changed drastically. More people bought semi automatic weapons than ever before. Dealers couldn’t keep product on the shelf. It was a fever without cure.

“For those of us in the industry it created huge challenges over night. Parts we had expected early in 2013 became delayed. Small parts, Bolt Carrier Groups, triggers, all dried up. The larger manufacturers were able to increase supply for their direct customers, but small customers like Legion Firearms ended up at the back of the line. We simply couldn’t compete with the big guys who could place a PO for 200,000 BCG’s with ease. We did whatever we could to keep shipping rifles and pistols, but we were no where near able to meet demand.

To make matters worse, our barrel manufacturer suffered a huge blow as their facility was reclaimed by the government forcing them to move at the worst possible time. Orders we literally expected in January didn’t begin arriving until August. After hex fluting and cryo treating the barrels we discovered a new problem: they were not up to Legion’s accuracy standards. This was incredibly demoralizing for us and for many of our customers who had been waiting patiently, some as long as a year.

Some of our staff suffered physically from the stress and setbacks, and we lost team members we loved. Our communication with customers suffered as well, as did our relationships with vendors and creditors.”

While circumstances in the firearms industry have improved, and we were able to fix our supply chain issues, the setbacks we encountered cost us dearly. Both in real expenses and opportunity costs.

Operating expenses, staff and rent ate away at our cash reserves, and we have been unable to secure outside investors to move forward.

This last month has been the most difficult of all. Our bank has called in our note and ordered us to liquidate inventory. They hold a UCC lien on all or our assets, which means we are in dire financial trouble.

We’re hoping this isn’t the end for those of us that dared to dream of a better way to build guns. However, for us to keep operating and deliver our products we need to find outside capital. We are seeking anybody who can invest in Legion Firearms, or an individual or company who is interested in acquiring Legion Firearms. Short of that, we won’t survive. The last thing we want is failure to to deliver on our customers’ orders, so we’re hopeful we can find the capital to move forward.

We are open to any reasonable solution to solving our cash problems and keep Legion alive. So many of us have put literally everything we have into making this dream happen, and none of us want to see it end. If you or someone you know is interested and in acquiring Legion Firearms please contact help@legionfirearms.com. Help us STAY IN THE FIGHT™

In the interim we have only been able to answer limited phone calls and product requests. We’ll keep you updated as things progress, but it’s simply impossible for me to work on the sale of Legion Firearms, make a living, and answer everyone’s inquiries. I’m sorry we can’t do more. We will update everyone as things progress.

 

For those unfamiliar with Legion Firearms, they had some interesting products. Most notable was their hexagon fluted barrel.

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They also made a sweet looking 1911.

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It is unfortunate they are having problems. Hopefully they can resolve it.



Nicholas C

Co-Founder of KRISSTALK forums, an owner’s support group and all things KRISS Vector related. Nick found his passion through competitive shooting while living in NY. He participates in USPSA and 3Gun. He loves all things that shoots and flashlights. Really really bright flashlights.

Any questions please email him at nicholas.c@staff.thefirearmblog.com


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  • Zachary marrs

    After seeing that “1911”, I just can’t. They could at least had some common courtesy, but no.

    If you cant say anything nice, don’t say anything at all

    • Zachary marrs

      But in all seriousness, I wish them luck, it sucks whenever a smaller company goes under.

    • Andrew

      Seriously. Those FAB Defense slide skins look less cheesy.

  • Will

    This is a shame, I’ve considered buying one of their barrels for a long time. Guess I shouldn’t have waited.

    As to the pistol, it looks to be a well-put-together 2011 with some aesthetic touches that might not be everyone’s cup of tea. I’ve long found that the “just as God and JMB intended” have fixed in their minds a “traditional” 1911 that is far from traditional. People have been cutting these things up for almost a century. As long as they aren’t mangling a Singer, go to town.

  • tazman66gt

    I know this is off topic but is this pretty much the standard way all the companies are making an ambi lower with the bolt release? Or is there going to be some big patent war and stupidity will ensue.

    • JumpIf NotZero

      They are using… The WERE using private branded MEGA lowers.

      To the best of my knowledge like most AR “manufactures” they were actually just a small time shop that didn’t really make anything, just specified and assembled.

      Their barrels hex cuts may have been done in house but I’m skeptical.

  • JumpIf NotZero

    Look… Let’s be honest here… You have to be some kind of magical stupid to be an AR and 1911 assembler and go out of business during the most out of control seller’s market that there has ever been.

    Yea, if you are having trouble getting inventory that sucks, but what’s the problem now? They ran their business into the ground and that’s really all there is to this.

    I have a close friend that knows he is never going to get the money he already paid them. (I had told him not to go with Legion, they have seemingly always had pissed off customers complaining about not getting product).

    Good riddance really, I know that may be harsh but if you look at how every other company handled the great gun-pocalypse, really the only explanation is they did this to themselves. Worst case all they would have to do was weather the storm of unavailability, and I doubt their overhead of a small shop in nowhere Texas was so high as to prevent that.

    • J.T.

      Ya. All I see is a poorly run company that knew they were taking more orders in than they could deliver on. I know there were a few small AR manufactures that actually stopped taking new orders until they could get caught up. Legion should have done the same.

      Honestly though, the fact they were charging customers when the order was placed instead of once the rifle was ready to ship or when it started being built leads me to believe they were a bit shady in how they operated anyway.

    • barry

      I agree. They knew what the market was and could have built a bare bones model to stay afloat at least. During that time, suppliers were shifting production to basic run of the mill ar parts instead of customized orders. If Legion had any business sense, they would have ordered the same or similar parts as PSA. Then the company could provide a basic ar model during the drought and also expand their product offerings when it ends.

      Instead of going bankrupt with unfilled customer orders, they could have made a huge profit. Of course, this would probably erode their status as a high end builder of rifles. But in the end, losing street cred for building basic ar’s is better than having the reputation of taking money and not filling orders.

  • John

    Survival of the fittest.

  • Market saturation?

    • Partly that but more of a timing thing. Trying to make what are essentially custom guns needing parts that aren’t that easy to get anyway is a recipe for disaster. That and people have said taking too many orders accepted.

      • Dual Sport

        I have never understood how you “take too many orders,” get the money up front and then go under. Unless you are using that money to make payroll and there is nothing left for the actual purchasing of said parts. After all, if someone could order 200,000 bcg’s the parts were out there, you just had to be a big enough player to get near the front of the line.

        Having said that I hate to see anyone go. It reminds us that anyone can fail.

        • mbrown7776

          Really though if you are doing 1 off customs or high end stuff and you don’t make your own parts then really what are you doing? If you can’t even rent a CNC as a back up plan you aren’t really serious in the first place are you?

  • Paul

    I was lucky to get the deposit I laid down with them back because I used a credit card, and had fraud protection. That’s not helping me get the parts I sent them for the rifle they were going to build for me back. They betrayed the trust of a lot of people by taking money for deposits and not delivering products, from barrels to fully built rifles and pistols. They forfeited their integrity to make a splash. With a completely tarnished brand and reputation, you’d have to have an extra chromosome to bail them out right now and invest good money in their business…

  • Kivaari

    Too bad. It’s a tough market right now. I have done my best to keep the gun industry going.

  • deadhorse

    Late to this ballgame but since I am local to them, figured I’d share –
    I know one of the two main guys that started Legion. By “know”, I mean I knew him when he worked at a different LGS before getting Legion up and running. Good guy, knew his stuff, seemed sincere enough.
    They added some other investors/management that helped did them in. During the lack of parts/everything year of 2013, new management kept taking deposits regardless of the objection of said friend. Long story short, the two original owners/starter-uppers left quite some time ago. New management stayed in place and continued to take deposits HOPING things would catch up. That didn’t happen.
    Now local DA is apparently involved and speaking to folks……they ain’t coming back from this one.