Trive Capital-backed Canopy A&D completed the acquisition of Tods.

Trive Capital-backed Canopy A&D, a technology company, completed the acquisition of Tods, a supplier for marine defence clients. Financial terms were not disclosed. "Tods' reputation and commitment to their customers' missions are world-class and deeply aligned with our values. Their longstanding partnerships with the Royal Navy and over 25 Navies worldwide expand Canopy A&D's global presence, supporting critical allied defense programs and strengthening supply-chain resilience between the United States and the United Kingdom. We are committed to building on their legacy by investing in infrastructure, equipment, and people to create an immediate synergy we cannot wait to exploit," Dr. Marco Villa, Canopy A&D CEO.