M&A Deal Summary

Trive Capital Acquires Karman

On January 26, 2021, private equity firm Trive Capital acquired defense company Karman

Acquisition Highlights
  • This is Trive Capital’s 3rd transaction in the Defense sector.
  • This is Trive Capital’s 33rd transaction in the United States.
  • This is Trive Capital’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-01-26
Target Karman
Sector Defense
Buyer(s) Trive Capital
Deal Type Consolidation

Target

Karman

Mukilteo, Washington, United States
website
Karman is a provider of metallic and composite flight hardware and sub-assemblies for the space, missile, and hypersonic markets. Karman offers an unprecedented capability set to customers, creating a supply chain solution in a historically fragmented supply base. Karman is based in Mukilteo, Washington.

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Buyer(S) 1

Buyer

Trive Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2012
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Trive Capital is a hands-on, operationally-focused private equity firm that targets complex or special situations in 'out of favor' but protected market niches. The Firm will consider businesses throughout North America offering differentiated products/services with leading/defensible industry positions. Trive looks to commit $10 to $250 million per investment in businesses generating revenues of $40 million to $1.5 billion. Sectors of interest include automotive, transportation, aerospace/defense, building products, construction, infrastructure, healthcare, manufacturing, industrial, chemicals, distribution, consumer goods, energy services, business services, and communications. Trive Capital was founded in 2012 and is based in Dallas, Texas.


DEAL STATS #
Overall 35 of 52
Sector (Defense) 3 of 4
Type (Consolidation) 1 of 3
State (Washington) 1 of 1
Country (United States) 33 of 50
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Valor Healthcare

Addison, Texas, United States

Valor Healthcare is a provider of primary care services to U.S. veterans through its operation of VA Community Based Outpatient Clinics (CBOCs). Valor Healthcare was established in 2004 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 ParFab

Inola, Oklahoma, United States

ParFab is a provider of components and field services for heat and pressure-intensive applications related to the downstream energy infrastructure markets. ParFab focuses on steel fabrication, ASME coil welding, piping, refractory and industrial coatings services from its fabrication facility, and its field services division focuses on process heater erection, revamp / re-tubing, and other activities stemming from the downstream new capital and recurring maintenance cycles. ParFab was established in 2001 and is based in Inola, Oklahoma.

Sell -