Valence Surface Technologies, a portfolio company of Dallas-based private equity firm Trive Capital, has acquired Magnetic & Penetrant Services Company (MAPSCO), the company said.
Based in Seattle, Washington with two facilities, MAPSCO provides metal finishing services to the aerospace and defense industries as a mission-critical supplier in the aerostructure supply chain. MAPSCO complements Valence´s service offering which includes non-destructive testing, anodizing, chem-film, precious metal plating, spray coatings, painting/top-coat and shot peen services to leading Aerospace OEMS and their machining suppliers.
With 10 Locations, over 530,000 sq. ft. of manufacturing space, over 2,500 unique industry approvals and over 15 million parts processed per year, Valence Surface Technologies is an independent provider of aerostructure surface technology services. The company provides specialized metal processing and finishing services to a diversified set of commercial aerospace, defense, and space/satellite markets, delivering best-in-class quality, turn times, and supply chain partnership.
Trive Capital is a Dallas, Texas-based private equity firm investing in equity and debt securities with approximately USD 900m in capital under management. Trive focuses on investing in middle-market companies with the potential for transformational upside through operational improvement. Trive seeks to maximize total returns to its investors through a hands-on, collaborative partnership with management teams and equity partners.