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Tyber Medical Reaches Agreement to Acquire CatapultMD
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Tyber Medical Reaches Agreement to Acquire CatapultMD
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A father and son entrepreneur team puts their production process first.
Jul 26th, 2021
Azimuth Technology
Len Zaiser III sold Structure Medical in 2010, and the duo co-founded Azimuth Technology in 2012, with Len Zaiser IV as the Chief Executive Officer.
Azimuth Technology
Most CNC job shops and manufacturing contractors secure work before purchasing new machines. Typically, this method makes it easier for management to schedule jobs on specific machines and allows for more flexibility.
LeNoir “Len” E. Zaiser III and his son, Len E. Zaiser IV, are not most people and their businesses are far from typical.
The father and son entrepreneur team puts their production process first. Len Zaiser IV said building skilled CNC machinists and programmers, investing in world-class technology and refining manufacturing procedures creates the best product.
A hot streak in mergers and acquisitions globally has been felt locally.
The trend has resulted in some big deals for local entrepreneurs and investors in a little more than six months.
One of those big deals involved the acquisition of a company based in Gainesville that generated a record payout to a Naples-based investment fund.
Investors in Tamiami Angel Fund I earned more than 10 times the money they put into the company, known as Fracture, with their exit, according to the fund s chairman. The business, started by two University of Florida graduates, prints frameless photos on glass.
Other eyebrow-raising deals include the sale of two longtime, successful manufacturers in Southwest Florida: Storm Smart in Fort Myers and Azimuth Technology in Naples. While the values of those deals haven t been disclosed, market watchers estimate both transactions run into the multimillions.