Houlihan Lokey Advises Azimuth Technology

Houlihan Lokey is pleased to announce that Azimuth Technology, LLC (Azimuth), formerly owned by LongueVue Capital and Clavis Capital Partners, has been acquired by Chumash Capital Investments, LLC. The transaction closed on August 31, 2020.

Azimuth is a premier manufacturer of tight-tolerance firearms components, with a focus on perfecting the industry’s most challenging parts, including handgun slides, handgun barrels, and bolt carrier groups, for a diverse base of OEM and aftermarket customers. Through proprietary manufacturing techniques perfected by drawing on extensive experience in the medical device industry, Azimuth has developed a highly efficient production process that delivers exceptional product quality with absolute repeatability. Azimuth is headquartered in Naples, Florida.

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 20-year track record of partnering with entrepreneurs and management teams to drive value creation in middle-market companies. The firm’s opportunistic investment strategy and creative deal structures provide the flexibility to partner with attractive businesses across a variety of industries and situations.

Clavis Capital Partners is a private investment firm in Dallas, Texas, with deep experience in investing in, operating, and growing U.S.-based industrial businesses. The firm provides flexible capital to make control investments in a broad range of strategically viable but capital-constrained, industrial-oriented companies.

Chumash Capital Investments (CCI), LLC, a wholly owned investment entity of the Santa Ynez Band of Chumash Indians, directs economic development investments for the Chumash Tribe. It is capitalized to provide for acquisitions of companies and other opportunities that complement the growth strategy for the tribe. CCI continues to build economic security for its tribal members and future generations by maintaining and expanding a portfolio of sophisticated enterprises.

Houlihan Lokey served as exclusive financial advisor to Azimuth and assisted in structuring and negotiating the transaction on its behalf.