CHICAGO \/ GARLAND, Texas \u2014 Auctus Capital Partners is pleased to announce its role as advisor to True Velocity, supporting the composite ammunition technology and manufacturing company in securing $30,000,000 debt financing to expand production capacity and better meet growing demand. Funding was provided by Silver Peak Partners and the transaction was led by Auctus\u2019 CFO and Managing Director John Dilatush.<\/p>\n
\u201cWe are pleased to have True Velocity as our client. The company is well-positioned to disrupt an industry that hasn\u2019t changed in over one hundred years,\u201d said Dilatush. \u201cAt the core, it is a technology company and its breakthroughs have paved the way for composite cased ammunition to displace traditional brass cased geometry with a superior product and superior manufacturing methods.\u201d<\/p>\n
True Velocity has supplied the U.S. Armed Forces and is currently in the selection process for the Next Generation Squad Weapon (NGSW). The ammunition will be available for law enforcement Allied nations and is currently commercially available via direct-to-consumer, wholesale, and retail channels.<\/p>\n
Since its founding in 2010, True Velocity has secured more than 340 patents pending or issued on its products, technology, and manufacturing processes. The company\u2019s 100 employees have more than 200 years of combined military service and are experts in manufacturing, engineering, and quality control. All products are manufactured in the U.S. in a state-of-the-art 66,000-square-foot facility, including .50 BMG, .338 NORMA MAG, 7.62 NATO, .308 WIN, 6.8 TVCM, 6.5 CREEDMOOR and 5.56 NATO calibers.<\/p>\n
\u201cWorking with Auctus was a pleasure. They understood our needs, understood the technological nature of the opportunity and did what they said they would do,\u201d said Jeff Cutshall, CFO of True Velocity. \u201cThe funding represents a key step in bringing our technology to the global market.\u201d<\/p>\n
Working quickly to support True Velocity, Auctus Capital Partners helped identify strategic relationships and structured debt financing package for the Texas-based manufacturer. The transaction enables the client to pursue more innovation and expand its manufacturing capabilities to meeting growing demand.<\/p>\n
More information is available at https:\/\/www.tvammo.com.<\/p>\n
About Auctus Capital Partners<\/strong> About True Velocity<\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":" Auctus Capital Partners is pleased to announce its role as advisor to True Velocity, supporting the composite ammunition manufacturing company in securing debt financing to expand production capacity and better meet growing demand. Funding was provided by Silver Peak Partners and the transaction was led by Auctus\u2019 CFO and Managing Director John Dilatush. At 30 percent lighter than traditional brass-cased cartridges, its proprietary ammunition provides significant shipping and logistical cost savings, while also delivering improved accuracy, enhanced efficiency, and unprecedented consistency.<\/p>\n","protected":false},"author":1,"featured_media":35384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[],"acf":[],"yoast_head":"\n
\nAuctus Capital Partners is a leading financial services and investment banking firm focused exclusively on creating value for the lower middle market. We specialize in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting. Our senior bankers have deep domain expertise across a range of industries, with the necessary foresight to navigate highly-complex transactions to maximize value and achieve optimal outcomes for clients.
\nwww.AuctusCapitalInc.com<\/p>\n
\nTrue Velocity is an advanced technology and composite manufacturing company based in Garland, Texas. Founded in 2010, True Velocity has more than 320 patents pending or issued on its products, technology, and manufacturing processes. Initially, the company is focused on revolutionizing the ammunition industry. True Velocity products are manufactured in the U.S. in a state-of-the-art facility and are currently available to public agencies, with consumer products available now. True Velocity’s proprietary composite cartridge provides significant logistical advantages over traditional brass-cased ammunition and gives end users unmatched accuracy, repeatability, and reliability, all in a light-weight cartridge. For more information, visit tvammo.com.<\/p>\n