|FOR IMMEDIATE RELEASE
Chumash Capital Investments Acquires Capco, LLC
Grand Junction, Colo. (July 6, 2021) – In a transaction that closed on July 2nd, 2021, Chumash Capital Investments, LLC (CCI) acquired Capco, LLC, from Capco Growth Partners.
Headquartered in Grand Junction, Colorado, Capco is an industry- leading, vertically integrated provider of mission-critical energetic devices and mechanical systems for military applications worldwide. The Company manufactures high volume energetic devices used in airborne countermeasure systems, for the U.S. Department of Defense. The Company’s energetic devices are utilized by nearly all U.S. military fixed- and rotary-wing aircraft, including the newest and most advanced fighters. Capco’s mechanical solutions are comprised of highly engineered soldier systems, ordnance components and non-lethal law enforcement solutions.
The Company’s energetic devices and mechanical systems are designed and manufactured to the most rigorous standards to ensure superior performance under life-threatening, zero-fail conditions. As a result, Capco has been a trusted partner to the U.S. Department of Defense for over 50 years.
Chumash Capital Investments, LLC, a wholly-owned investment entity of the Santa Ynez Band of Chumash Indians, directs economic development investments for the Chumash Tribe. It is capitalized to provide for acquisitions of companies and other opportunities that complement the growth strategy for the tribe. CCI continues to build economic security for its tribal members and future generations by maintaining and expanding a portfolio of sophisticated enterprises.
“We are excited about this new relationship with the Santa Ynez Band of Chumash Indians, “ said Cordell Bennigson, Capco’s CEO. “Like our entire team, the Chumash take great pride in the important work Capco does everyday. They are committed to maintaining the culture and quality reputation Capco has built while supporting new opportunities for growth, expansion, and modernization.”
Houlihan Lokey acted as exclusive financial advisor to Capco, and Davis Graham & Stubbs acted as legal counsel to Capco. Horizon Business Advisors, LLC acted as exclusive financial advisor to CCI, and Holland & Knight acted as legal counsel to CCI.
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