Sorenson Capital Backs Axiom Materials

Private equity investor Sorenson Capital, based in Salt Lake City, has backed Axiom Materials, a composite development and manufacturing firm in California. Financial details of the investment were not announced. According to the two, they are in a strategic business partnership and recapitalization, which invests a "significant" investment from Sorenson Capital, along with Yukon Partners. Sorenson Capital's involvement was led by LeGrand Lewis.