Aerospace

Kittyhawk, Inc. (“Kittyhawk” or the “Company”), backed by the Dallas-based private equity firm Trive Capital (“Trive”), is pleased to announce that it has acquired Stack HIP, LLC (“Stack HIP”) from Stack Metallurgical Group (“SMG”). The acquisition of Stack HIP represents a significant expansion of capacity and capabilities in Hot Isostatic Pressing (“HIP”) for aerospace, space, defense, and medical applications.

Operating from its facility in Albany, OR, Stack HIP is a market leader of HIP services to aerospace, defense, and medical customers. Stack HIP possesses the largest high-pressure HIP vessels in North America, enabling the processing of the biggest and most complex castings and additively manufactured metallic parts. Post-closing, SMG will continue to operate its world-class classical heat treatment and aluminum special processing facilities in Portland, OR, Spokane, WA and Salt Lake City, UT.

“We’re excited to welcome Stack HIP customers, employees, and suppliers into the Kittyhawk family,” said Brandon Creason, President of Kittyhawk. “Stack HIP will allow Kittyhawk to service mission critical parts up to 63” in diameter, enabling us to process the full array of components for our customers. At Kittyhawk, we commit every day to providing the best service and quality to our customers, and we’re thrilled to now do that with the added capabilities and dedicated employees of Stack HIP. We look forward to the continued relationship with SMG to deliver unmatched special processing services to our valued customers.”

Doug Puerta, CEO of SMG commented, “We look forward to continued collaboration with Kittyhawk to deliver a differentiated level of service, quality, and value to our shared customers. This transaction will allow both companies to further drive capacity, quality, and capabilities in our respective services to best serve the PNW market.”

“SMG built a world-class facility in Stack HIP. With this acquisition, Kittyhawk is the premier provider of HIP services on the West Coast. We look forward to supporting our customers’ growth and will continue to make significant investments in capacity to meet the demands of our growing customer base,” commented Tanner Cope, Managing Director at Trive.

“This is an important step in growing the platform specialized in this highly-differentiated HIP capability. The Company continues to benefit from strong industry tailwinds, and we are excited to support our customers by investing in capacity,” said David Stinnett, Partner at Trive.