Clavis Capital Partners, a Dallas-based private equity firm, has invested growth capital in Azimuth Technology, a leading manufacturer of precision components for OEM’s and aftermarket distributors in the firearm and defense industries. Financial terms weren’t announced.
Headquartered in Naples, FL, Azimuth has grown rapidly since its founding in 2011 to become an industry leader in the high precision components manufacturing sector. The company’s state-of-the-art manufacturing facility and expert machinists produce top quality metal components utilized in the manufacturing of a variety of firearms and equipment for the civilian, law enforcement and defense industries. Azimuth’s scalable and versatile operating platform enables the company to rapidly design, prototype and manufacture components for new products, existing platforms, or aftermarket replacements and enhancements.
Clavis partnered with the current management team as well as LongueVue Capital Partners and Independent Bankers Capital Fund to facilitate the transaction. “The Azimuth team has developed a strong reputation for the highest quality products and best service in the industry which has allowed them to secure a strong market leadership position,” said Todd Dauphinais, Managing Partner of Clavis Capital Partners. “We are excited about the company’s current and future growth prospects and are honored to be part of Azimuth’s expansion strategy.”
Len Zaiser, IV, Chief Executive Officer of Azimuth, commented, “We selected our new partners because of their successful track record, partnership mentality and alignment with our vision for Azimuth’s future. The entire management team is delighted to welcome Clavis, LVC and IBCF to the Azimuth family as we build upon our strong foundation and execute our growth plan.” Len Zaiser, III, Founder of Azimuth, echoed, “Our capital partners have strong track records of success partnering with companies such as Azimuth. We look forward to leveraging the experience and resources of our new partners as we embark upon our next stage of growth.”
Clavis Capital Partners is an operationally focused Private Equity firm that makes growth investments in manufacturing and industrial companies. The firm primarily focuses on investments in under-resourced, lower middle-market businesses with enterprise values ranging from $10 million to $200 million.