Partners William A. “Trey” DeLoach III and Nikki Hurst Gibson represented Chumash Capital Investments, LLC (CCI) in its acquisition of Azimuth Technology, LLC – a manufacturer of tight-tolerance firearm components – from LongVue Capital and Clavis Capital Partners. The transaction, whose terms were not announced, closed on August 31. Azimuth is based in Naples, Fla. and is the producer of items including handgun barrels, handgun slides and bolt carrier groups for clients including original equipment manufacturers and aftermarket consumers. CCI is a wholly-owned investment entity of the Santa Ynez Band of Chumash Indians, focused on acquisitions and other investment opportunities that build economic security for its tribal members.
“We are very excited to welcome Azimuth into the Chumash Capital Investments portfolio. This acquisition supports our goal of ensuring long-term economic stability for the Chumash Tribe while offering an attractive counterbalance to CCI’s existing hospitality and leisure-focused investments. We believe Azimuth is primed for continued rapid growth, and we look forward to partnering with the Company’s outstanding management team to help Azimuth reach its full potential,” stated John Elliott, CEO of the Santa Ynez Band of Chumash Indians in a press release.
Related Media Coverage:
- SGB Media – September 10, 2020