Valence Surface Technologies, which is backed by Trive Capital, has acquired Triumph Processing Inc from Triumph Group. No financial terms were disclosed. Based in Lynwood, California, TPI will be renamed Valence Lynwood.
THE WOODLANDS, TEXAS (PRWEB) SEPTEMBER 05, 2018
Trive Capital (“Trive”), the Dallas-based private equity firm, is pleased to announce that its portfolio company, Valence Surface Technologies (“Valence” or the “Company”), has acquired Triumph Processing Inc, (“TPI”) from Triumph Group. Based in Lynwood, California the TPI business will be renamed “Valence Lynwood” and will complement the overall Valence extensive service offerings by expanding capabilities to provide metal finishing on parts up to 110 feet in length and 14 feet in width/depth. The acquisition continues Valence’s strategic focus on providing supply solutions by offering full-service product and metal finishing capabilities to the global Aerospace and Defense markets.
Tracy Glende, Valence Chief Executive Officer, commented, “The addition of Triumph Processing to the Valence family allows us to better serve the large part needs of our key customers throughout the global supply chain.” Mr. Glende further commented, “The Lynwood Facility provides Valence with a fully integrated offering to its customers ranging from small, high volume parts up to large, 110-foot fracture-critical structures that no other product finishing company can match. Moreover, our breadth of approvals and capabilities, along with recent investment in capacity and systems, significantly reduces lead times in an area of the aerospace supply chain that what was previously fragmented, inefficient and slow-responding.”
David Stinnett, Partner at Trive Capital stated, “We believe this acquisition further develops the core investment thesis of Valence, which is to build a differentiated, supply chain solution to the aerospace industry for surface treatment technologies. As aircraft build rate increases continue to put pressure on the market, the Company seeks to reduce cycle times, minimize supply chain complexity and provide a single point of accountability across regions and approval requirements in partnership with OEM’s and machine shop customers for mission-critical parts.”
About Valence Surface Technologies
Valence Surface Technologies is the world’s largest independent provider of Aerospace and Defense metal finishing services. With 11 locations, 650,000+ sq. ft. of manufacturing space, and over 2,500 unique industry approvals, Valence processes more than 16 million parts per year. In addition to being Nadcap and AS9100 accredited, all Valence sites provide specialized metal processing and product finishing services for OEMs such as Airbus, Boeing, Lockheed Martin, SpaceX and more, supporting a highly diversified set of fast-growing commercial aerospace, defense, and space/satellite markets.
About Trive Capital
Trive Capital is a Dallas, Texas-based private equity firm investing in equity and debt securities with approximately $2 Billion in capital under management. Trive focuses on investing in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement.