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Announced

Completed

Trive-backed Kittyhawk completed the acquisition of Stack HIP from Stack Metallurgical Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

HIP services

Aerospace

Acquisition

Domestic

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Trive-backed Kittyhawk, a provider of hot isostatic pressing services, completed the acquisition of Stack HIP, a HIP services provider to aerospace, defense, and medical customers, from Stack Metallurgical Group, a provider of heat treating and metal processing services. Financial terms were not disclosed. "We're excited to welcome Stack HIP customers, employees, and suppliers into the Kittyhawk family. Stack HIP will allow Kittyhawk to service mission critical parts up to 63" in diameter, enabling us to process the full array of components for our customers. At Kittyhawk, we commit every day to providing the best service and quality to our customers, and we're thrilled to now do that with the added capabilities and dedicated employees of Stack HIP. We look forward to the continued relationship with SMG to deliver unmatched special processing services to our valued customers," Brandon Creason, Kittyhawk President.

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