Armory Capital

Armory Capital is a family investment office founded by Jacob Ambrose, Rusty Freeland and Greg Lykins, in association with the August C. Meyer, Jr. family. Armory has a legacy of more than 50 years of investing in private businesses. Unlike traditional private equity groups, Armory is funded with permanent capital. This unique funding structure means that the firm’s decisions are not driven by the limited life of a particular fund. Armory holds investments based on the merits of the opportunity and the needs of its management partners.

Jacob Ambrose

Managing Partner

Brett Bean

Partner

Greg Lykins

Partner

6 past transactions

IFSI

Private Equity Round in 2017
IFSI is a sweet corn seed company, breeding, testing, producing and distributing market-leading sweet corn inbreds and hybrids for customers worldwide. IFSI also develops and distributes high value foundation seed for customers in the commercial corn industry.

MicroD

Private Equity Round in 2016
MicroD is a technology partner specializing in the home furnishings industry, providing innovative solutions for over 20 years. The company focuses on enhancing the customer journey by delivering cohesive online experiences through consistent data and seamless connections. MicroD offers a suite of services that includes its OmniVue website platform, which integrates eCommerce and room planning, as well as product catalog data management for over 300 brands. Additionally, the company provides interactive product visualization and electronic data interchange (EDI) solutions. By combining these offerings, MicroD helps manufacturers and retailers improve online product presentation, drive traffic, and ultimately increase sales.

FE Moran Security Solutions

Private Equity Round in 2016
FE Moran Security Solutions is a provider of electronic security services in the United States, catering to both residential and commercial clients. The company offers a comprehensive range of solutions, including intrusion detection, video surveillance, fire and life safety systems, access control, and environmental monitoring. Residential offerings include monitored smoke and carbon monoxide detectors, pet-friendly motion sensors, and live video surveillance systems. For businesses, FE Moran provides additional services such as clean agent fire suppression systems and electronic article surveillance solutions, including retail RFID and customer counting systems. Founded in 2002 and headquartered in Champaign, Illinois, with an office in Wichita, Kansas, the company operates primarily in the Midwestern states. FE Moran Security Solutions is a subsidiary of Securitas AB.

Envisage Technologies

Seed Round in 2014
Envisage Technologies, LLC specializes in developing training software solutions for military commands, federal law enforcement academies, and state law enforcement agencies in the United States. Founded in 2001 and based in Bloomington, Indiana, the company offers the Acadis Readiness Suite, a comprehensive web-based platform that streamlines training management, resources, and equipment oversight while ensuring the maintenance of legally defensible training records. Additionally, Envisage provides the FirstForward learning platform, designed to facilitate collaboration and knowledge sharing among law enforcement officers, firefighters, and emergency medical personnel by granting access to a wide range of training resources and tools. The company also extends its services to include accreditation support, enhancing the operational efficiency and compliance of public safety and government agencies across various sectors.

Horizon Hobby

Acquisition in 2014
Horizon Hobby develops, markets, and distributes radio control (RC) hobby products; model trains; and a wide range of educational, toy, and other hobby products. The company manufactures parts, batteries, and other accessories for airplanes, multirotors, helicopters, cars and trucks, boats, radios, and cameras. Horizon Hobby’s proprietary technologies include SAFE (Sensor Assisted Flight Envelope), AVC (Active Vehicle Control), AS3X (Artificial Stabilization – 3-aXis), Spektrum DSSS, and Bind-N-Fly. Its air brands include Blade, E-flite, HobbyZone, Hangar 9, and ParkZone. Losi, Vaterra, Team Losi Racing, ECX, Dynamite, and Pro Boat are its surface brands. Evolution and ZP are its engine brands and Athearn is its train brand. Horizon Precision Systems is a part of the company that specializes in the development of small unmanned aerial systems for agricultural use. Horizon Hobby is based in Champaign, Illinois. It operates global websites in the United States, the United Kingdom, Germany and Europe, and China and Asia.

Jim's Formal Wear

Private Equity Round in 2013
Jim's Formal Wear, LLC is the largest wholesale distributor of men's formalwear in the United States, specializing in the rental and sale of tuxedos and suits for various formal occasions such as weddings, proms, and black-tie events. Founded in 1964 and based in Trenton, Illinois, the company provides a comprehensive range of formalwear accessories, including vests, ties, pocket squares, shirts, shoes, and more. Jim's Formal Wear serves a diverse clientele, including grooms, groomsmen, and school-aged individuals attending dances and other formal events, through a network of authorized retailers and online services. The company operates seven regional service centers across the nation and employs over 600 people, ensuring a broad reach and efficient service to its customers.
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