Kittyhawk acquires Stack HIP from Stack Metallurgical Group
Kittyhawk, Inc, Garden Grove, California, has announced that it has acquired Stack HIP, LLC, Albany, Oregon, from Stack Metallurgical Group (SMG). With the backing of Dallas-based private equity firm Trive Capital, the acquisition represents a significant expansion of its Hot Isostatic Pressing (HIP) capacity and capabilities for aerospace, space, defence and medical applications.
“SMG built a world-class facility in Stack HIP. With this acquisition, Kittyhawk is the premier provider of HIP services on the West Coast. We look forward to supporting our customers’ growth and will continue to make significant investments in capacity to meet the demands of our growing customer base,” commented Tanner Cope, Managing Director at Trive.
Stack HIP provides HIP services to aerospace, defence, and medical customers. The company reportedly possesses the largest high-pressure HIP vessels in North America, enabling the processing of the biggest and most complex castings and additively manufactured metal parts. Post-closing, SMG will continue to operate its classical heat treatment and aluminium special processing facilities in Portland, Oregon; Spokane, Washington; and Salt Lake City, Utah.
“We’re excited to welcome Stack HIP customers, employees, and suppliers into the Kittyhawk family,” said Brandon Creason, President of Kittyhawk. “Stack HIP will allow Kittyhawk to service mission critical parts up to [160 cm] 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.”
Doug Puerta, CEO of SMG commented, “We look forward to continued collaboration with Kittyhawk to deliver a differentiated level of service, quality, and value to our shared customers. This transaction will allow both companies to further drive capacity, quality, and capabilities in our respective services to best serve the PNW market.”
“This is an important step in growing the platform specialized in this highly-differentiated HIP capability. The Company continues to benefit from strong industry tailwinds, and we are excited to support our customers by investing in capacity,” said David Stinnett partner at Trive.
