Trive Capital, a Dallas-based private equity firm, has made an investment in Kittyhawk Inc., a provider of hot isostatic pressing (HIP) services for a variety of industries including space, commercial aerospace, defense and medical applications.
Founded in 1981, Kittyhawk offers HIP services on the west coast from its locations in Garden Grove, Calif. and Canby, Ore. HIP is a service that works to improve the strength and metallurgical properties of casted and manufactured parts. Kittyhawk is focused on serving parts for high-temperature, high-pressure and high-cost-of-failure applications such as rocket and jet engines.
“The company’s talented team, technical capabilities, and geographic presence position us to capture the incredible growth opportunities we see coming from the proliferation of space activity, rebound in commercial aerospace, and rapid adoption of additively manufactured metallic parts,” says Tanner Cope, managing director at Trive Capital.
KAL Capital served as financial advisor, and Perkins Coie served as legal counsel to Kittyhawk. Haynes & Boone LLP served as legal counsel to Trive Capital.