CLIENT OBJECTIVES
Azimuth is a leading precision manufacturer of firearms, firearm components and firearm accessories for the global military, law enforcement and civilian markets.
Established in Naples, Florida in late 2011 as a “cold start-up” by the successful father and son team who identified an inefficient and fragmented market segment focused on selling machine time and not innovation. They assembled the necessary capital, invested in equipment, formed an experienced team and developed a customer base in record time.
Azimuth demonstrated a unique ability to produce high tolerance, complex components and assemblies that are beyond the capabilities of most of its industry competitors and forged a leading reputation in the industry.
COMPANY OVERVIEW
Azimuth is a leading precision manufacturer of firearms, firearm components and firearm accessories for the global military, law enforcement and civilian markets.
Established in Naples, Florida in late 2011 as a “cold start-up” by the successful father and son team who identified an inefficient and fragmented market segment focused on selling machine time and not innovation. They assembled the necessary capital, invested in equipment, formed an experienced team and developed a customer base in record time.
Azimuth demonstrated a unique ability to produce high tolerance, complex components and assemblies that are beyond the capabilities of most of its industry competitors and forged a leading reputation in the industry.
CREATING VALUE
FRG ran a tailored, dual-track process that gauged interest from family offices and select private equity groups to partner with Azimuth and accelerate the next phase of growth while also having fire-side chats with key strategic players to assess valuation expectations for a 100% exit. • Interest levels were high amongst both cohorts given the innovative nature of Azimuth’s manufacturing processes and underlying trade secrets, expanding global customer base, scalable business model and best-in-class margin profile.
Given the market’s enthusiasm in Azimuth, over 25% of the counterparties submitted IOI’s, we were able to be highly selective with our clients in choosing the right partner.
After multiple rounds of negotiations, a consortium of investors, led by LongueVue Capital out of New Orleans along with Clavis Capital Partners and Independent Bankers Funds, both out of Dallas, emerged as the preferred partner to take Azimuth to the next level operationally and provide the desired liquidity to the owners.
AZIMUTH TECHNOLOGY
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 LVC to the Azimuth family as we build upon our strong foundation and execute our growth plan
AZIMUTH TECHNOLOGY
