Trive Capital portfolio company, Valence Surface Technologies has acquired Blue Streak Finishers. Based in Everett, WA, Blue Streak specializes in providing processing and related services for large complex aerostructures.
Trive Capital, the Dallas-based private equity firm, is pleased to announce that its portfolio company, Valence Surface Technologies (“Valence”), has acquired Blue Streak Finishers (“Blue Streak”), an independent metal finishing company serving the Pacific Northwest aerospace machining market. Based in Everett, WA, Blue Streak specializes in providing processing and related services for large complex aerostructures. The company’s facility is strategically located within 15 miles of key Boeing production sites and offers unique 30 ft. tank capabilities for large monolithic assemblies.
“With the addition of Blue Streak, Valence now has an established presence in every key North American aerospace machining hub, which will allow the platform to better serve the needs of the broader supply chain. As with each of the recent facility acquisitions, Trive is investing further capital to significantly expand capacity and enhance service capabilities in the region for our customers and OEMs.” commented David Stinnett, Managing Director at Trive Capital.
Conner Searcy, Managing Partner at Trive Capital, noted, “The Blue Streak transaction adds a strategically important region and offers substantial opportunity for growth within the Valence platform. We look forward to complementing the acquisition’s strong reputation and long history in the Seattle aerospace market with an operational approach focused on best-in-class technical resources, production systems and facility investment to realize the Company’s full potential.”
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 North America, operating eight facilities in key regions with a broad range of service offerings and extensive list of critical prime approvals and customers.
About Trive Capital
Trive Capital (www.trivecapital.com) is a Dallas, TX-based private equity firm focused on making control private equity investments in companies based in the US and Canada. Trive is currently investing from a $300 million institutional fund raised in 2013. Trive utilizes proven operational best practices and identifies actionable opportunities that allow businesses, shareholders, and employees to realize their full long-term potential.