http://www.gunandgame.com/forums/general-rifle/55110-info-ranger-arms-texas-late-ace-heinmann.html
"My father was a dealer for Ranger Arms back in 1968 and stayed on through 1978 when Ranger closed its doors. The 2 rifles shown in the pictures look like Governors Grade rifles (Ranger Arms top of the line). Your stocks are laminate maple and walnut rosewood caps. Current prices vary depending on the calibers and shape of the rifles. 300 win mag was the most popular caliber. Currently there is a 300 win mag in the same config on GUNBROKER. The seller is asking $650 for it. It has been 3 weeks now and still has not sold. Rangers are not considered collectable like a Purdy or Colt.
Ranger Arms went out of business in 1978. Van Ellis was the owner with the patent on the trigger mechanism. Ranger Arms produced roughly 4000 custom guns from 1968 -1978.
Do both rifles say Ranger Arms Gainesville TX on the barrels? In all my years I have never heard of Ace Heinmann in regards to Ranger Arms. Can I ask where / how his name was mentioned to you? Homer Koontz was another investor in Ranger. You will also hear his name in regards to Omega rifles.
I was also raised in Gainesville and my father was a gunssmith at Rangers Arms. I remember hearing about the rifles they made for the governor (Preston Smith - I think) and John Wayne. They both had the Texas Seal and were top of the line. I believe that John Wayne came to the Dallas area for the presentation - but dad wasn't that impressed because Wayne had already had a few too many drinks"
another thread:
http://www.thefiringline.com/forums/showthread.php?p=2759810