LVC Successfully Exits Leading Precision Manufacturing Portfolio Company
LongueVue Capital, a New Orleans-based private equity firm, announced the sale of Azimuth Technology to Chumash Capital Investments, LLC, a wholly owned investment entity of the Santa Ynez Band of Chumash Indians based in Santa Barbara, CA.
Headquartered in Naples, FL, Azimuth is a leading manufacturer of precision components for OEMs and aftermarket distributors in the defense and firearm industries. The company’s state-of-the-art manufacturing facilities and expert machinists produce top quality metal components utilized in the manufacturing of a variety of products for the commercial, law enforcement, and defense industries.
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In making this controlling investment, LVC partnered with the management team and Clavis Capital Partners in acquiring Azimuth in 2017. Over the course of LVC’s partnership, the company doubled in size and established a market leadership position with a strong reputation for innovation, reliability, and exceptional quality.
“We couldn’t have picked better entrepreneurial partners than CEO Len Zaiser and his management team. Through their execution and relentless pursuit of excellence, these folks transformed Azimuth into a world-class precision manufacturer during our investment hold, gaining market share and building customer confidence along our journey,” commented John McNamara, Co-Founder and Managing Partner of LongueVue Capital.
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“The team at LongueVue Capital were great partners as we navigated the opportunities and challenges that faced our business,” said Len Zaiser, Founder & Chief Executive Officer of Azimuth. He added, “They were pro-active, thoughtful, and highly responsive in their board-level leadership and stood behind their commitments to provide the capital and resources necessary for our company’s growth. LVC was an ideal private equity partner for Azimuth.”
Azimuth was represented by Houlihan Lokey as exclusive financial advisor and Norton Rose Fulbright as legal counsel in this transaction.
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