Auctus provides debt financing to True Velocity

True Velocity, a composite ammunition technology and manufacturing company, has secured $30 million in debt financing from Auctus Capital Partners.

True Velocity, a composite ammunition technology and manufacturing company, has secured $30 million in debt financing from Auctus Capital Partners. Silver Peak Partners provided the funding.


CHICAGO / GARLAND, Texas — October 21, 2021 — Auctus Capital Partners is pleased to announce its role as advisor to True Velocity, supporting the composite ammunition technology and manufacturing company in securing $30,000,000 debt financing to expand production capacity and better meet growing demand. Funding was provided by Silver Peak Partners and the transaction was led by Auctus’ CFO and Managing Director John Dilatush.

“We are pleased to have True Velocity as our client. The company is well-positioned to disrupt an industry that hasn’t changed in over one hundred years,” said Dilatush. “At the core, it is a technology company and its breakthroughs have paved the way for composite cased ammunition to displace traditional brass cased geometry with a superior product and superior manufacturing methods.”

True Velocity has supplied the U.S. Armed Forces and is currently in the selection process for the Next Generation Squad Weapon (NGSW). The ammunition will be available for law enforcement Allied nations and is currently commercially available via direct-to-consumer, wholesale, and retail channels.

Since its founding in 2010, True Velocity has secured more than 340 patents pending or issued on its products, technology, and manufacturing processes. The company’s 100 employees have more than 200 years of combined military service and are experts in manufacturing, engineering, and quality control. All products are manufactured in the U.S. in a state-of-the-art 66,000-square-foot facility, including .50 BMG, .338 NORMA MAG, 7.62 NATO, .308 WIN, 6.8 TVCM, 6.5 CREEDMOOR and 5.56 NATO calibers.

“Working with Auctus was a pleasure. They understood our needs, understood the technological nature of the opportunity and did what they said they would do,” said Jeff Cutshall, CFO of True Velocity. “The funding represents a key step in bringing our technology to the global market.”

Working quickly to support True Velocity, Auctus Capital Partners helped identify strategic relationships and structured debt financing package for the Texas-based manufacturer. The transaction enables the client to pursue more innovation and expand its manufacturing capabilities to meeting growing demand.

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About Auctus Capital Partners
Auctus Capital Partners is a leading financial services and investment banking firm focused exclusively on creating value for the lower middle market. We specialize in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting. Our senior bankers have deep domain expertise across a range of industries, with the necessary foresight to navigate highly-complex transactions to maximize value and achieve optimal outcomes for clients.