LongueVue Capital Invests in Azimuth Technology
LVC Partners with Management Team to Support Growth of Precision Manufacturing Business
New Orleans (September 26, 2017) - LongueVue Capital (“LVC”), a New Orleans-based private equity firm, announced today it has invested growth capital in Azimuth Technology (“Azimuth”), a leading manufacturer of precision components for OEMs and aftermarket distributors in the firearm and defense industries.
Headquartered in Naples, FL, Azimuth has grown rapidly since its founding in 2011 to become an industry leader in high precision manufacturing. 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.
LVC partnered with the current management team as well as Clavis Capital Partners and Independent Bankers Capital Funds, both based in Dallas, to facilitate the transaction. “The management team of Azimuth has built a strong reputation for precision manufacturing and time-based competitive strategies,” said John McNamara, Co-founder and Managing Partner of LongueVue Capital. “We are excited about the company’s growth prospects and are honored to have the opportunity to provide capital in support 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 LVC to the Azimuth family as we build upon our strong foundation and execute our growth plan.” Len Zaiser, III, Founder of Azimuth, echoed, “LongueVue Capital has a strong track record 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.”
About LongueVue Capital:
LongueVue Capital is a private equity firm focused on making situation-driven, value-oriented equity and debt investments in lower middle market companies (up to $150 million in annual revenue) to support buy-outs, recapitalizations, acquisitions and growth. LVC currently has $425 million in funds under management and recently closed on its third fund LongueVue Capital Partners III, L.P. Since its formation in 2001, LVC has made successful investments in a wide variety of industries, including healthcare, business services, transportation and logistics, energy services, and niche manufacturing. LVC is based in New Orleans with additional offices in New York and Salt Lake City. For more information, please visit www.lvcpartners.com.
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