Canopy Aerospace & Defense Expands Maritime Capabilities with Tods Technology Acquisition

Canopy Aerospace & Defense Expands Its Horizons with Tods Technology Acquisition

In a significant move that aims to bolster its standing in the maritime defense sector, Canopy Aerospace & Defense (Canopy A&D), part of the Trive Capital portfolio, has announced its acquisition of Tods Technology Ltd., a UK-based company recognized for its innovative designs and manufacturing of advanced composite structures and acoustic materials.

This acquisition marks a pivotal expansion of Canopy A&D's influence and technical prowess in the global market. Known for decades of experience, Tods Technology specializes in developing structural composites and sonar systems, which are crucial for both surface and sub-surface marine vessels. As a leader in the field, Tods provides essential materials aimed at enhancing the performance and resilience of maritime operations.

Strategic Significance

Dr. Marco Villa, CEO of Canopy A&D, expressed enthusiasm about the acquisition, highlighting the strategic alignment between Canopy A&D’s mission and Tods Technology's commitment to customer service and innovation. He noted that Tods' vast partnerships, including relationships with the Royal Navy and over 25 other naval forces worldwide, would significantly enhance Canopy A&D's global footprint and facilitate the supply chain's resilience between the United States and the United Kingdom.

Villa stated, “Tods' reputation and commitment to their customers' missions are world-class and deeply aligned with our values. We are excited to invest in their infrastructure, equipment, and people, leading to immediate synergies that we cannot wait to exploit.”
By focusing on expanding resources and capabilities, Canopy A&D aims to strengthen its role as a top-tier partner in global maritime defense initiatives.

Enhanced Capabilities

The integration of Tods Technology's expertise into Canopy A&D is expected to enhance the range of advanced materials and engineering solutions available. This will cover the entire lifecycle of maritime defense programs—from initial design and development through to production and long-term sustainment. The collaboration is set to accelerate shipbuilding processes while improving performances critical to mission success.

Tods Technology, based in Portland, Dorset, UK, has established itself as a leader in the development of sonar domes, acoustic windows, and composite structures specifically for naval and aerospace applications. The company not only specializes in innovative design and manufacturing but also offers comprehensive global support through services including in-yard installation, maintenance, and repairs.

About Canopy Aerospace & Defense

Canopy Aerospace & Defense produces high-performance materials tailored to the unique demands of the space and defense sectors. They diligently engage with original equipment manufacturers (OEMs) from the initial concept phase, providing research and development support alongside system engineering solutions. As an agile manufacturer, Canopy A&D fills critical gaps within extensive production chains, ensuring that the needs of its partners are met promptly and effectively.

With facilities located across major cities such as Los Angeles, Denver, Cape Canaveral, and in the UK, Canopy A&D operates at the intersection of innovation and reliability, delivering products that meet the stringent requirements of modern-day defense protocols.

Backed by Trive Capital

The acquisition is backed by Trive Capital, a Dallas-based private equity firm known for its substantial management of assets exceeding $8 billion. Trive focuses on middle-market investments that demonstrate potential for significant operational enhancements and value creation. They aim to influence growth in strategically viable companies, making the partnership with Canopy A&D a harmonious fit considering their emphasis on transformative growth.

As Canopy A&D embarks on this new chapter with Tods Technology, the implications for the maritime defense landscape are profound. This strategic acquisition not only enhances their service offerings but positions them as a leader in an ever-evolving domain that requires innovation, reliability, and uncompromising performance.