Trive Capital’s portfolio company, Valence Surface Technologies, has completed three add-on acquisitions with the buys of Pride Plating, Dynamic Paint Solutions, and Coastline Metal Finishing. Trive acquired Valence Surface Technologies in October 2013.
These three acquisitions add key locations, approvals and complementary products offerings to Valence. In combination, the acquisitions form the largest, independent metal processing platform that is dedicated to streamlining the aerospace supply chain and is capable of servicing the West Coast, Midwest, Oklahoma/Texas and Southeast machining/assembly markets.
Pride Plating is engaged in the processing and sub-assembly of large aluminum and titanium aerostructures, particularly on aircraft with complex contours and/or masking requirements such as the F-35. The company is based outside of Tulsa in Grove, OK (www.prideplating.com).
Dynamic Paint Solutions focuses on commercial and general aviation finishing. The company has a 65,000 square foot facility and over 60 employees. Dynamic Paint Solutions was founded in 2005 and is based southeast of Macon in Eastman, GA (www.dynamicpaintsolutions.com).
Coastline Metal Finishing specializes in intricate plating and other unique surface treatments on mission critical components utilized in the space/satellite, unmanned-aerial-vehicle, missile and commercial aircraft interior niches. The company is based south of Anaheim in Garden Grove, CA (www.coastlinemetalfinishing.com).
“Trive has completed six transactions during the past nine months to create the Valence organization, with the vision to build a differentiated surface technology platform that provides solutions to challenges faced by the aerospace supply chain,” said Conner Searcy, Managing Partner at Trive Capital. “The acquisition of these new facilities exemplifies our ability to move quickly and serve as the preferred partner of owner-operators in executing on a shared strategic plan.”
Valence Surface Technologies provides specialized metal processing and finishing services to the commercial aerospace, defense, and space/satellite markets. Valence offers a range of wet and dry processing capabilities for aluminum, titanium, and steel structures. These offerings include: anodizing, plating, shot peening, painting, and non-destructive testing. The company operates seven facilities and is one of the largest independent aerospace & defense metal processors in North America. Valence is headquartered in Los Angeles (www.valencesurfacetech.com).
“The addition of the Pride, Dynamic Paint and Coastline Metal provides Valence entrance into critical aerospace machining markets, as well as access to new OEM relationships and technical expertise that will be shared across the enterprise. Valence and Trive will also continue to invest to expand capacity, implement production systems and add services in each location to position the company as an efficient, one-stop offering to its machining customers,” said David Stinnett, Managing Director at Trive Capital.
Trive Capital invests from $10 million to $60 million in North America headquartered companies with revenues of $30 million to $500 million. Sectors of interest include automotive & transportation; aerospace & defense; building products; construction & infrastructure; consumer goods; energy services; healthcare; manufacturing and industrials; chemicals; distribution; business & professional services; and communications. The firm was founded in 2012 by Conner Searcy, Managing Partner, and Chris Zugaro, Partner. Trive Capital is based in Dallas (www.trivecapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 8-15-14