Trive Capital has made an investment in Newark, California-based California Brazing, a maker of components for space, aircraft connectivity, specialty electronic and various defense applications. No financial terms were disclosed.
Trive Capital (“Trive”), the Dallas-based private equity firm, is pleased to announce it has partnered with California Brazing (“Cal Braze” or the “Company”). Founded in 2002 and headquartered in Newark, California, the Company is a leading manufacturer of complex, high tolerance components for space, aircraft connectivity, specialty electronic and various defense applications. Cal Braze specializes in CNC machining, metallic and ceramic vacuum brazing, and heat-treating services for both OEM and Tier 1 defense and communication customers. The Company operates out of two facilities in the San Francisco Bay Area and Carson City, NV, delivering turnkey manufacturing of mission critical parts that include satellite waveguides, antenna sub-systems, cold plates and other thermal management devices.
“We are excited to partner with California Brazing management in support of the next phase of the Company’s innovation and expansion,” commented David Stinnett, Partner at Trive Capital. “We believe the California Brazing team has built a differentiated capability and reputation for supporting highly engineered components that will benefit from increased funding into satellite, aircraft connectivity and defense electronic sectors. Trive looks forward to providing capital and resources to help the business achieve continued growth and value to its customers.”
California Brazing President & CEO, Rich Penrose stated, “California Brazing’s unique value proposition and recent investment in new capacity and capability has resulted in tremendous growth. We look forward to continuing this momentum and chose to partner with Trive based on their knowledge in the sector, operational approach and shared vision for the future. Our mission is to deliver best-in-class services and support to our customers, which we believe will be further enhanced with the Trive partnership.”
ABOUT CALIFORNIA BRAZING
California Brazing is a turnkey manufacturer of critical brazed components located at the heart of complex machines for the aircraft connectivity, aerospace and defense and specialty electronics industries. Committed to providing only the highest quality products and services, California Brazing maintains leading industry accreditations and certifications, including Nadcap, AS9100 and ISO 9001:2008. In addition, with extensive brazing, machining and manufacturing sequence expertise, California Brazing has the capacity, experience and flexibility needed to give customers’ products a competitive edge.
Trive Capital is a Dallas, Texas based private equity firm managing over $2 billion in capital. 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 70 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.