Independent Bankers Capital Fund III, LP (“IBCF”) is pleased to announce its investment 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 becoming an industry leader in high precision manufacturing. The company’s state-of-the-art manufacturing facility and expert machinist produce top quality metal components utilized in the manufacturing of a variety of firearms and equipment for the civilian, law enforcement, and defense industries.
IBCF partnered with the management team, LongueVue Capital, a New Orleans-based private equity firm, and Clavis Capital Partners, 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 Bobby Anderson, Vice President of IBCF. “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.”
With exciting growth prospects on the horizon, IBCF’s investment will be used to provide capital in support of Azimuth’s expansion strategy.