NIOA, a privately-owned supplier of arms and ammunition to the sporting & outdoor, law enforcement, & military markets, completed the acquisition of Barrett Firearms, a specialist in large-caliber rifle design & manufacturing. Financial terms were not disclosed. “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 focussed on manufacturing and delivering world-class firearms and munitions to a global network,” Ronnie Barrett, Barrett Founder.