Yukon Partners was a co-investor alongside Sorenson Capital in the recent acquisition of Axiom Materials.
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).
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).
“Yukon is excited to partner with Axiom and Sorenson to support the next phase of the company’s growth,” said William Dietz, Managing Partner of Yukon. “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.”
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).
NXT Capital (www.nxtcapital.com) provided the senior credit facility in support of the transaction.
© 2016 Private Equity Professional • 8-18-16
