AXSYS TECHNOLOGIES
Axsys designs and manufactures precision optical solutions for defense, aerospace, homeland security, and commercial applications.
“We had a terrific, productive relationship with The Equity Group, at a pivotal point in Axsys’ development. The Equity Group was highly engaged with us, personalizing their efforts to seamlessly match our philosophies and goals. They consistently put us in front of reputable investors and analysts that were relevant to our industry and size, many of which subsequently took action. Our audience in the investment community became quite extensive, which facilitated a successful secondary offering. The Equity Group also provided trusted counsel on a variety of matters, and implemented a clear, well thought-out investor communications program. The firm was ideal for us in terms of capabilities and size, as we received a high level of attention and results. We were very effective together as partners, and we will continue to be friends.”
David A. Almeida
CFO
Axsys Technologies, Inc. Acquired by General Dynamics
THE START
  • Commenced services in 2004.
  • Stock price was $13.
  • Institutional holdings were 30%.
  • No research coverage.
Our Role
  • Arranged 13 days of investor/analyst meetings within the first 12 months in various cities, as well as visits to corporate HQ and telephonic meetings. Obtained detailed feedback on all meetings and reported findings to management.
  • Wrote all investor communications including news releases, conference call scripts, roadshow presentation and investor fact sheets.
  • Advised management on financial guidance, acquisition communications, and financing alternatives under consideration.
  • Advised on the development of an Investor Relations section for Axsys' web site.
  • Maintained ongoing contact with institutional holders and analysts.
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RESULTS
  • Garnered research coverage, and directly introduced the Company to several institutions that established substantial positions in Axsys.
  • Secondary Offering completed one year into relationship. Participants included various investors previously introduced by The Equity Group.
  • Institutional holdings increased from 30% to 59% of shares outstanding.
  • Stock reached high of $21.50 while working together.
  • Axsys was subsequently acquired by General Dynamics for $54 per share.