Sorenson and Yukon Acquire Axiom Materials

Axiom Materials, a maker of composite materials, has been acquired by Sorenson Capital. Yukon Partners co-invested in this transaction with Sorenson Capital.

Axiom Materials is a composite materials manufacturer with a specialization in “prepreg” materials – (prepreg is a term for “pre-impregnated” composite fibers where a matrix material, such as epoxy, is already present). Axiom sells its products to companies in the aerospace, military, automotive, industrial, sports and medical industries. The company was founded by Johnny Lincoln, Ph.D., and is based near Los Angeles in Santa Ana, CA (www.axiommaterials.com).

“We are delighted to partner with Sorenson Capital and Yukon Partners to co-author the next major chapter in the Axiom Materials story,” said Mr. Lincoln. “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.”

Sorenson and Yukon will focus on accelerating Axiom’ growth through manufacturing improvements, personnel additions, and investments in research and development. “We are tremendous believers in Axiom 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.”

Sorenson Capital invests from $10 million to $40 million in small to middle-market buyout and growth equity opportunities with a particular focus on companies located in the Mountain and Western regions of the US. The firm has more than $1 billion in capital under management and is headquartered in Salt Lake City (www.sorensoncapital.com).

Yukon Partners makes subordinated debt and equity investments of $10 million to $40 million in middle market, private equity sponsored business transactions.  The types of transactions that Yukon invests in include buyouts, growth and platform strategies, recapitalizations, mergers & acquisitions, public- to-private buyouts, and refinancings. The firm is based in Minneapolis (www.yukonpartners.com).

© 2016 Private Equity Professional • 8-16-16