• PT Youtube
  • CW Facebook
  • CW Linkedin
  • CW Twitter
8/18/2016 | 1 MINUTE READ

Axiom Materials receives investment from private equity firm

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

The investment is designed to help accelerate the company’s growth through manufacturing improvements, key personnel additions and R&D-driven innovation.

Related Suppliers

Private equity firm Sorenson Capital and Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, have invested in Axiom Materials Inc., Orange County, Calif.

Axiom is a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace & defense, industrial, automotive, medical device, and electronics industries.

Sorenson sponsored the transaction in which it, Yukon, and other institutional co-investors facilitated the recapitalization of Axiom. NXT Capital provided the senior credit facility and mezzanine capital was provided by Yukon. Schiff Hardin LLP served as legal counsel to Yukon.

“We are delighted to partner with Sorenson Capital and Yukon Partners to co-author the next major chapter in the Axiom Materials story,” said Johnny Lincoln, founder and president of Axiom Materials. “With the combined capabilities of Axiom, Sorenson Capital and Yukon Partners, the company’s 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.”

“We are tremendous believers in Axiom Materials and its future,” said LeGrand Lewis, managing director of Sorenson Capital. “Johnny 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.”

William Dietz, managing partner of Yukon, added, “Yukon is excited to partner with Axiom and Sorenson to support the next phase of the Company’s growth. Axiom’s reputation as an innovative and leading manufacturer of advanced composite materials positions it well for continued, profitable growth in the evolutionary composites space.” 

RELATED CONTENT

  • 787 integrates new composite wing deicing system

    The composite wing leading edge on Boeing’s Dreamliner features an integrated heating element that incorporates a sprayed metal conductive layer within the laminate stack.  

  • Fabrication methods

    There are numerous methods for fabricating composite components. Selection of a method for a particular part, therefore, will depend on the materials, the part design and end-use or application. Here's a guide to selection.

  • Boeing 787 Update

    Approaching rollout and first flight, the 787 relies on innovations in composite materials and processes to hit its targets

Resources

Thanks for considering a subscription to CompositesWorld. We’re sorry to see you go, but if you change your mind, we’d still love to have you as a reader. Just click here.