Silencerco Named One Of Top Three Growing Companies In Salt Lake City Area And Will Be Featured On KSL TV Tonight
Salt Lake City, UT –-(Ammoland.com)- SilencerCo, the leader in firearm suppressors manufacturing has been named one of the Top Three Growing Companies in the greater Salt Lake City area by KSL, Salt Lake City’s top television station, newspaper and website. SilencerCo will be featured as part of a segment on the top Salt Lake City companies airing LIVE on KSL TV tonight, December 20, 2011.
Silencerco was formed in 2008 by Joshua Waldron and Jonathon Shults. Waldron and Shults learned that the military released a solicitation stating it wanted all firearms deployed to be silenced.
The most common Veterans Administration medical claim is hearing damage/loss due to gun fire. The second most common VA medical claim was PTSD. Tinnitus, which is a ringing in ones ears due to noise induced hearing damage, is a constant reminder of the event which caused the PTSD. If you can stop the ringing, you can more easily rehabilitate the soldier. Silencers protect the hearing of soldiers, which helps them get back into civilian life sooner or be a more effective soldier while deployed. Besides the benefits to soldiers, Waldron and Shults learned of the many benefits of civilian ownership of silencers.
In 2008 Silencerco opened a small shop of 2,700 square feet. It secured institutional lending to purchase a manufacturing machine; and, after several months of learning how to machine, designing prototypes and learning the science of fluid dynamics, it released its first product to the market in January of 2009.
While Shults stayed in the shop learning the intricacies of manufacturing and producing their first product, Waldron drove from state to state personally visiting dealers to show them why Silencerco’s product was superior to anything else on the market. In 2009, Silencerco opened 87 dealerships nation-wide and sold nearly 800 units of the Company’s first product.
In January of 2010, Silencerco released its next product which became an instant success. Business grew so fast that it had no way of producing enough supply for the demand. While trying to expand its production, the Company was turned down by over 15 lending institutions. The Company was able to get small loans and purchased two additional manufacturing machines. Even with its limited capabilities, Silencerco’s revenue grew by over 400% during 2010.
After months of disappointment from lending institutions, Silencerco finally secured a round of funding from Zion’s Bank to expand its manufacturing capabilities. In 2011, it increased its revenue by 300% from 2010’s revenue numbers. Its products have changed the industry and consumers could not get them fast enough. In August 2011, it acquired one of its main competitors. A loan from Zion’s Bank was used to fund the acquisition; and, with the added cash flow from the acquisition, Silencerco was able to get more machinery for manufacturing.
Based on 2011 operations, Silencerco is now the largest silencer manufacturer in the country for civilians and they are continuing to make progress in acquiring military deals. Silencerco has created 25 jobs and have done so in the hardest economic times our country has seen for a long time.
About the Founders
Joshua Waldron has defied odds many times in his life. Not only has Waldron made a thriving business in the worst of economies, but he learned how to walk again when every doctor said he couldn’t. When Joshua was 15, he was in a horrible car accident that severed his spinal cord. After 3 years of physical therapy, he was able to leave his wheelchair behind and has walked ever since. Waldron has never collected disability and has been self-employed his entire life. After college at the University of Utah, he was an editorial photographer and was published in hundreds of magazines.
Jonathon Shults is becoming widely known as one of the most brilliant minds in the firearms industry. Without any formal training or experience, he is now a master machinist, engineer, inventor, computer programmer and manufacturing engineer of the leading silencer manufacturer in the country. Shults has developed some of the most advanced manufacturing techniques and inventory management software in the manufacturing world and has accomplished this without a day of higher education. Before starting Silencerco with Waldron, Jonathon was a sound engineer and owned a recording studio. He has recorded for several big clients with world-wide sales.
Some of Silencerco’s Other Accomplishments.
- Expanded the silencer market dramatically with their “yes, silencers are legal” education campaign.
- Obtained patents with more pending.
- Recognized as an industry leader in only 3 years of operations.
- Had its products featured in a favorable light on Discovery Channel’s “Mythbusters.”
- Invited to be keynote speakers at the NRA, the largest lobbyist firm in the world.
See also the following links:
- www.swrmfg.com (this company was acquired by Silencerco)