Cerberus Capital Management is in advanced talks for an initial public offering of Freedom Group, an arms and ammunition company, The Wall Street Journal reports. The private equity firm has acquired at least seven U.S. gun-and-ammunition makers over the past three years, which have been consolidated into Freedom Group.

The Madison, North Carolina-based company expects to generate $900 million in sales this year, making it on of the largest gun manufacturers in the world. Cerberus seeks to tap into the demand created by increased restrictions on firearms ownership under the new government, and arms requirements of the U.S. military.

Click here for the story from The Wall Street Journal.