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:
Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 18-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies. Having managed over $500 million of capital spanning three funds coupled with 150 years of combined operating and investing experience, our team is the ideal partner for middle market companies at inflection points and seeking to maximize value.
Our opportunistic investment strategy provides the flexibility to partner with attractive businesses across a variety of industries and situations, and we tailor transaction structures to meet the company and stakeholders’ objectives. While we are selective with our investment strategy, we target growth-oriented companies with scalable, sustainable business models and exceptional leadership teams.
Our proactive, hands-on approach enables us to be thoughtful stewards of our portfolio companies and trusted and dependable strategic partners to all stakeholders. Together with our entrepreneur and management team partners, we help create superior value for our portfolio companies and investors.
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LVC is headquartered in New Orleans and maintains an office in Park City, UT to help us provide national coverage for transaction sourcing and portfolio company support.
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