BOCA RATON, FL, Littlebanc Advisors announced the completion of a $2.7 million Series A financing for Adams Arms, Inc., a high-growth company that develops and manufactures rifles and rifle products.
Littlebanc Advisors, LLC, Boca Raton, Fla., today announced the completion of a $2.7 million Series A financing for Adams Arms, Inc., a high-growth company that develops and manufactures rifles and rifle products based on the company's patented gas piston impingement system. Adams Arms is based in Palm Harbor, Fla. The single institutional investor, LB Merchant AA-1, LLC, is an affiliate of Littlebanc Advisors. Littlebanc Advisors acted as the sole placement agent and financial advisor.
The capital raise will enable Adams Arms to support increased demand from its distributors, dealers and OEM partners, including Brownells, Midway and Smith & Wesson. In addition, Littlebanc CEO Michael Margolies will take a seat on Adams Arms' board of directors to provide guidance on the company's continued growth. This transaction marks the seventh successful funding of a Florida company by Littlebanc Advisors.
"Adams Arms' core technology has created a revolutionary rifle design that solves significant flaws associated with today's firearms. The growing demand for Adams Arms' products demonstrates that the company is poised to rapidly scale production and gain market share. We are pleased to be working with another high-quality Florida company and remain dedicated to helping Florida companies grow."
-- Michael Margolies, CEO, Littlebanc Advisors, LLC
About Adams Arms
Established in 2007, Adams Arms is a fast-growing manufacturer of proprietary firearm products that solve common issues associated with the millions of AR-15/M16 rifles used by the military, law enforcement and civilian gun enthusiasts. Adams Arms has developed a suite of products based on its patented inverted piston operating technology, including a line of Gas Piston Retrofit Kits, which provide significant rifle enhancements in terms of reliability, accuracy, maintenance and longevity. The company sells its products through a broad network of distributors, dealers and e-tailers, as well as on
www.adamsarms.net .
"In the search for the right financial partner to provide the funding necessary to support our growth, it is clear we hit the target with Littlebanc Advisors. The ability that Littlebanc Advisors has shown to access some of the top investment and private equity groups allowed this capital raise to happen in the quick fashion that we required to support high demand. We are also excited as we believe they will add to the intellectual capital of our company as we grow the Adams Arms business."
-- Michael Froning, CEO, Adams Arms, Inc.
For more information, visit www.adamsarms.net .
About LB Merchant AA-1, LLC
LB Merchant AA-1, LLC, an affiliate of Littlebanc Advisors, LLC, is a merchant bank that invests in small, high-quality growth companies. LB Merchant AA-1, LLC, takes an active approach to its portfolio companies and assists these companies in realizing their potential.
About Littlebanc Advisors, LLC
Littlebanc Advisors, a merchant and investment banking firm, specializes in funding high-quality small to mid-market growth companies. Littlebanc differentiates itself by focusing on unstructured deals sold to fundamental growth-stock investment funds. With its long-established Wall Street relationships, Littlebanc matches client companies with partner-minded investors. This fundamental focus fosters a stable and long-term shareholder base, minimizes capital dilution and enables Littlebanc to complete transactions quickly. For more information, visit www.littlebanc.com .
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