#USA #Dallas #Trive Capital #Canopy Aerospace #Hera Technologies

Trive Capital Launches Canopy Aerospace & Defense

Trive Capital, a Dallas-based private equity firm, is thrilled to announce the formation of Canopy Aerospace & Defense (Canopy A&D). This newly formed company is set to revolutionize the aerospace and defense sectors by developing specialized advanced materials that tackle the most demanding technical challenges. Canopy A&D aims to produce materials with remarkable properties, such as high insulation, absorption, and signal reduction, allowing defense and commercial platforms to operate faster, cooler, and quieter in various environments, including underwater, airborne, and even space.

A New Era in Aerospace and Defense

Canopy Aerospace & Defense brings together the expertise of two esteemed manufacturers, Hera Technologies Inc. and MSM Industries Inc. Additionally, it features a burgeoning R&D Center of Excellence called Canopy Aerospace Inc. This comprehensive approach ensures that Original Equipment Manufacturers (OEMs) benefit from integrated design and engineering services, facilitating the transition from concept to production. Canopy A&D is ideally positioned to assist clients right from the initial design stages through to manufacturing and refurbishment of reusable platforms, embodying a vertically integrated model.

The company boasts a significant operational footprint with five strategic facilities located in key markets, including Los Angeles, Denver, and Cape Canaveral. With a solid foundation supported by numerous OEM approvals and proprietary intellectual property, Canopy A&D is set to provide unrivaled engineering solutions and high-quality manufacturing services. They have exclusive agreements for critical space vehicles and defense systems, solidifying their place in the aerospace and defense industries.

Leadership Steering the Vision

To lead this innovative endeavor, Trive has appointed Dr. Marco Villa as the CEO of Canopy Aerospace & Defense. Dr. Villa brings a wealth of experience from the commercial space and defense sectors, equipped with technical knowledge and a strong business acumen necessary for steering this new organization. He expressed his enthusiasm about working collaboratively with the teams from Hera, MSM, Canopy, and Trive to address critical gaps in the advanced materials supply chain.

Dr. Villa emphasized that Canopy is dedicated to a systems-thinking approach that prioritizes integrated solutions over standalone products. This strategy aims to align closely with customer missions, allowing clients to streamline their own resource allocation for core innovations while relying on Canopy for their advanced materials needs.

Meeting Customer Demands

Tanner Cope, a partner at Trive Capital, noted the extraordinary capabilities of Hera and MSM as manufacturers of advanced materials that have successfully insulated some of the world's most renowned platforms. The consumable nature of these materials enables profound customer relations through refurbishment services across the lifespan of rockets, spacecraft, submarines, and more. The addition of Canopy Technologies' extensive engineering capabilities meets the growing demand for improved front-end design services, emphasizing a commitment to facilitating quicker transitions from design concepts to operational capabilities in the field.

About Canopy A&D

Canopy Aerospace & Defense specializes in creating and supplying cutting-edge materials tailored for the space and defense markets. Their offerings include full-spectrum support ranging from research and development through to manufacturing and refurbishment services for adaptable platforms. To stay updated on their progress and initiatives, follow Canopy A&D on their LinkedIn page.

About Trive Capital

Founded in Dallas, Texas, Trive Capital is a private equity firm managing over $8 billion in regulatory assets. They specialize in investing in mid-market companies with promising growth prospects through operational improvement partnerships. Trive Capital's experienced investment team has been involved in over 250 transactions, representing more than $10 billion in revenues across their targeted sectors. Their hands-on approach focuses on identifying and implementing strategic solutions for value creation, ensuring transformative results for their investments and partners.