Trive Capital buys Polar Technology
Oxfordshire, UK manufacturer of complex, highly engineered composite and metallic components.
Tracker · Private equity
24 defense buys: 10 by the firm and 14 add-ons by companies it backs. It sold 4 businesses in that time.
Trive Capital and the companies it backs made 4 defense buys in each of 2020, 2021, 2022 and 2025, their busiest years
Buys by the firm and add-ons by companies it backs, by year announced.
Source: company, investor and government releases and SEC filings.
Oxfordshire, UK manufacturer of complex, highly engineered composite and metallic components.
Provider of advanced predictive analytics and decision-support solutions serving the U.S. Department of War.
Newly formed advanced materials provider with insulative, absorptive and signal-reducing characteristics, combining Hera Technologies Inc. and MSM Industries Inc. with an R&D center.
Sheffield, UK manufacturer of complex, multi-step forgings with a focus on advanced alloys.
AI-enabled, cloud-based command and control software and solutions for space, defense and critical infrastructure.
Provider of Hot Isostatic Pressing (HIP) services for space, commercial aerospace, defense and medical applications.
Independent provider of mission-critical software and surveillance solutions for the defense industry.
Defense services firm providing systems engineering and design services for radar/RF, directed energy, counter-UAS systems and other emerging defense technologies.
Backed by Trive Capital
Founding business of Karman Space and Defense; combined with AMRO as a supplier focused on manufacturing complex systems for the space and missile markets
Seller: Dan Magarian
Aircraft integration, engineering, modification and support services for government, aerospace and defense customers, focused on special-mission aircraft.
Backed by Trive Capital
Turin, Italy-based supplier of multi-layer insulation (MLI) blankets and electrical harnesses for satellites and spacecraft.
Backed by Trive Capital
UK-based designer and manufacturer of advanced composite structures and acoustic materials.
Provider of high-performance antenna feeds for ground-based satellite and gateway antenna systems.
Seller: Stack Metallurgical Group
Hot Isostatic Pressing services operator in Albany, Oregon with the largest high-pressure HIP vessels in North America.
Backed by Trive Capital
Aviation and aerospace machining and design business; the buyer says it expands its design and manufacturing capabilities
Provider of advanced artificial intelligence solutions for Department of Defense mission requirements.
Provider of high-performance passive antennas for critical space and ground applications.
Seller: Cornerstone Research Group · Backed by Trive Capital
Certain assets including equipment, inventory, and intellectual property
Manufacturer of dip-brazed assemblies and thermal management and communication devices such as cold plates, chassis assemblies and waveguides.
Backed by Trive Capital
Complex precision machining of exotic and non-exotic metals for missile, space and hypersonic systems.
Backed by Trive Capital
Specialist in design and integration of energetic and mechanical systems into the structural design of mission-critical space and hypersonic systems
Backed by Trive Capital
Manufacturer of high temperature composites for the missile, interceptor and space sectors.
Backed by Trive Capital
Manufacturer of high-temperature composites
Backed by Trive Capital
Founding business of Karman Space and Defense; combined with AEC as a supplier focused on manufacturing complex systems for the space and missile markets
Buyer: Machine Sciences, a portfolio company of Viking Global
Provider of Hot Isostatic Pressing (HIP) services for space, commercial aerospace, defense and power generation end-markets.
Buyer: Undisclosed buyer
Technology-driven defense services firm focused on improving industrial base resiliency.
Buyer: Undisclosed buyer
Maker of premium grade aluminum and magnesium sand castings, mainly for aerospace applications.
Buyer: Madison Dearborn Partners and CoVant
Airborne intelligence, surveillance and reconnaissance (ISR) solutions provider with engineering and technology, flight operations and intelligence solutions units.
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