Friday, August 12, 2016
Axiom Materials Gets Funding, Investment
Santa Ana-based Axiom Materials, a developer of advanced composites for the aerospace, defense, automobile, energy, and other industries, is in a recapitalization and investment deal with private equity investor Sorenson Capital. Financial details of the investment and recap were not announced by the companies. The two son Friday that the deal involves a "significant" investment from Sorenson Capital, along with Yukon Partners. Axiom Materials, which was founded by Johnny Lincoln, Ph.D., president of Axiom Materials, will go towards R&D, expansion of its facilities, and hiring.