August 11, 2014

Valence Surface Technologies Completes 3 Add-On Acquisitions

Los Angeles, California; Grove, Oklahoma; Eastman, Georgia

Trive Capital (“Trive”), the Dallas-based private equity firm, is pleased to announce that its portfolio company, Valence Surface Technologies (“Valence”), has acquired Pride Plating (“Pride”), Dynamic Paint Solutions (“DPS”) and Coastline Metal Finishing (“CMF”), which collectively add key locations, approvals and offerings to better support its aerospace customers. The acquisitions create the largest, independent metal processing platform dedicated to streamlining the aerospace supply chain and capable of servicing the West Coast, Midwest, Oklahoma/Texas and Southeast machining/assembly markets.

Based outside of Tulsa, OK, Pride differentiates 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. Similarly, DPS focuses on commercial and general aviation finishing, and is strategically located in Georgia with close proximity to the emerging aerospace machining hubs in the southeast. Finally, CMF 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 addition of the Pride, DPS and CMF businesses 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,” commented David Stinnett, Managing Director at Trive Capital.

Conner Searcy, Managing Partner at Trive Capital, noted “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. 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.”

 

About Valence Surface Technologies

Valence Surface Technologies provides specialized metal processing and finishing services to a diversified set of fast growing commercial aerospace, defense, and space/satellite markets. The business is one of the largest independent A&D metal processors in NA, operating seven facilities in key regions with a broad range of service offerings and extensive list of critical prime approvals and customers.


About Trive

Trive Capital is a Dallas, Texas based private equity firm with more than $7 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.

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