Axiom Materials, a global leader in advanced composite development and manufacturing, today announced the creation of a strategic business partnership and recapitalization with Sorenson Capital to drive the company’s evolution and growth.
The partnership, which includes a significant investment from Sorenson Capital and additional participation from Yukon Partners, is designed to help accelerate the growth of Axiom Materials through manufacturing improvements, key personnel additions and R&D-driven innovation, further advance the company’s technical leadership. It will also leverage Sorenson Capital’s strategic expertise and relationships in the core business sectors, from aerospace and defense to automotive, industrial and power generation.
‘We are pleased to partner with Sorenson Capital and Yukon Partners to co-author the next major chapter in the Axiom Materials story,’ said Johnny Lincoln, Ph.D. D. D. , Founder and Chairman of Axiom Materials ‘With the combined capabilities of Axiom, Sorenson Capital and Yukon Partners, the future of the company has never been brighter. We are now aligned and capitalized to accelerate our long-term strategic objectives and ultimately achieve our highest potential. It’s an exciting time to be part of the Axiom Team. ”
‘We have great faith 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 talents in the industry and to establish world-class technology, technical and manufacturing excellence, in addition to a culture of high integrity. We’re excited to see what this phenomenal company is going to do with this capital infusion and an expanded network of professional relationships. ”
Details on the amount and terms of the capital investment are proprietary and will not be disclosed.
Sorenson Capital
Sorenson Capital (www) Sorenson’s capital (com) is a private equity firm that makes small to medium-sized purchases and growth equity investments. Sorenson Capital has over $1 billion of capital under management and typically invests between $10 million and $40 million in companies with unique strategic positions. Sorenson Capital is run and controlled by West Rim Capital and is based in Salt Lake City, Utah.
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