���׶���Ƶ Surface Technologies Acquires Triumph Processing from Triumph Group

���׶���Ƶ Surface Technologies increases capability, capacity and furthers lead as the Aerospace and Defense Industry’s Largest Independent Product Finishing Company with the acquisition of Triumph Processing Inc.

Trive Capital (“Trive”), the Dallas-based private equity firm, is pleased to announce that its portfolio company, ���׶���Ƶ Surface Technologies (“���׶���Ƶ” or the “Company”), has acquired Triumph Processing Inc, (“TPI” or the “Lynwood Facility”) from Triumph Group. Based in Lynwood, California, TPI provides metal finishing services to the Aerospace and Defense industries as a mission-critical supplier in the Aerostructure Supply Chain. TPI complements ���׶���Ƶ’s extensive service offering by expanding capabilities to provide surface finishing on parts up to 110 feet in length and 14 feet in width/depth. The acquisition continues ���׶���Ƶ’s strategic focus on providing supply solutions by offering full-service product and metal finishing capabilities to the global Aerospace and Defense markets.

Tracy Glende, ���׶���Ƶ Chief Executive Officer, commented, “The addition of Triumph Processing to the ���׶���Ƶ family allows us to better serve the large part needs of our key customers throughout the global supply chain.” Mr. Glende further commented, “The Lynwood Facility provides ���׶���Ƶ with a fully integrated offering to its customers ranging from small, high volume parts up to large, 110-foot fracture-critical structures that no other product finishing company can match. Moreover, our breadth of approvals and capabilities, along with recent investment in capacity and systems, significantly reduces lead times in what was previously a fragmented, inefficient and slow-responding portion of the supply chain.”

David Stinnett, Partner at Trive Capital stated, “We believe this acquisition further develops the core investment thesis of ���׶���Ƶ, which is to build a differentiated, supply chain solution to the aerospace industry for surface treatment technologies. As aircraft build rate increases continue to put pressure on the market, the Company seeks to reduce cycle times, minimize supply chain complexity and provide a single point of accountability across regions and approval requirements in partnership with OEM’s and machine shop customers for mission critical parts.”

About ���׶���Ƶ Surface Technologies
���׶���Ƶ Surface Technologies is the world’s largest independent provider of Aerospace and Defense metal finishing services. With 11 locations, 650,000+ sq. ft. of manufacturing space, and over 2,500 unique industry approvals, ���׶���Ƶ processes more than 16 million parts per year. In addition to being Nadcap and AS9100 accredited, all ���׶���Ƶ sites provide specialized metal processing and product finishing services for OEMs such as Airbus, Boeing, Lockheed Martin, SpaceX and more, supporting a highly diversified set of fast-growing commercial aerospace, defense, and space/satellite markets.

About Trive Capital
Trive Capital is a Dallas, Texas-based private equity firm investing in equity and debt securities with approximately $2 Billion in capital under management. Trive focuses on investing in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement.