Karman Space & Defense, a firm backed by private equity firm Trive Capital, has partnered with Cornerstone Research Group to buy MG Resin Technology.
The transaction expands Karman’s competencies in composite systems for space & defense applications.
“We are excited to partner with Karman and believe that their set of differentiated capabilities, capacity and talented team makes them the right strategic partner to deliver the MG Resin value proposition to customers across the space, missile, defense and hypersonic supply chains. We believe that joining forces with Karman will accelerate the commercialization of carbon-carbon technologies and look forward to creating value for customers,” said Patrick Hood, CEO of CRG.
Monument Capital Partners advised Cornerstone Research Group. Haynes & Boone LLP served as legal counsel to Trive Capital.