Sorenson Capital has made an undisclosed “significant” investment in Axiom Materials. Yukon Partners also participated in the transaction. Based in Santa Ana, California, Axiom Materials is a maker of progressive composite materials.
SANTA ANA, Calif. & SALT LAKE CITY‹August 12, 2016‹Axiom Materials, a global leader in advanced composites development and manufacturing, today announced the formation of a strategic business partnership and recapitalization with Sorenson Capital to drive the company¹s evolution and growth.
The partnership, which includes a significant investment from Sorenson Capital and additional participation by Yukon Partners, is designed to help accelerate Axiom Materials¹ growth through manufacturing improvements, key personnel additions, and R&D-driven innovation, further advancing the company¹s technical leadership. It will also leverage Sorenson Capital¹s strategic expertise and relationships in the company¹s key target industries, from aerospace and defense to automotive, industrial and power generation.
³We are delighted to partner with Sorenson Capital and Yukon Partners to co-author the next major chapter in the Axiom Materials story,² said Johnny Lincoln, Ph.D., founder and president of Axiom Materials. ³With the combined capabilities of Axiom, Sorenson Capital and Yukon Partners, the company¹s future has never been brighter. We are now aligned and capitalized to accelerate our long-term strategic goals and ultimately reach our highest potential. It is an exciting time to be part of the Axiom team.²
³We are tremendous believers in Axiom Materials and its future,² said LeGrand Lewis, managing director of Sorenson Capital. ³Johnny and his team have built an exceptional company that has been able to attract and develop some of the best talent in the industry, and to establish world-class technology, technical and manufacturing excellence, in addition to a culture of high integrity. We are excited to see what this phenomenal company will accomplish with this infusion of capital and an expanded network of professional relationships.²
Details regarding the amount and terms of the capital investment are proprietary and will not be disclosed.
About Sorenson Capital
Sorenson Capital (www.sorensoncapital.com) is a private equity firm that makes small to middle-market buyout and growth equity investments. Sorenson Capital has more than $1 billion in capital under management and typically makes investments of $10 to $40 million in companies with unique strategic positions. Sorenson Capital is managed and controlled by West Rim Capital and is based in Salt Lake City, Utah.